In the past 30 days, permanent holder addresses have accumulated nearly $23 billion worth of Bitcoin amid market downturns. This trend signals strong accumulation, as 404,448 BTC have moved to these addresses.

Founder & CEO of CryptoQuant, Ki Young Ju predicts that institutions, companies, or governments might announce Bitcoin acquisitions soon.

Despite market fears, the accumulation continues, with Bitcoin’s price rebounding to $57,000 and a slight improvement in market sentiment.