Record Bitcoin Accumulation: Whales Amass 800,000 BTC

The cryptocurrency market may be in a phase causing unease for many short-term investors, but beneath the surface, a completely different story is unfolding. According to data from the on-chain analytics platform CryptoQuant on June 27, Bitcoin's most seasoned investors are displaying an unprecedented level of firm conviction.

Specifically, Long-Term Holders (LTHs) have increased their holdings by a staggering 800,000 BTC within the last 30 days. This is not just an impressive figure; it is the single largest monthly accumulation growth ever recorded in Bitcoin's history. To understand the significance of this event, it's important to know that accumulation spikes exceeding 750,000 BTC have only occurred six times before. Notably, similar events in July 2021 and September 2024 were both followed by explosive bull runs.

A deeper analysis of the cost basis reveals an interesting market psychology. The cost basis for this LTH cohort is heavily concentrated in the $95,000 - $107,000 range. This implies that they view the current price zone as an attractive buying opportunity rather than a peak for profit-taking. Meanwhile, the average cost basis for Short-Term Holders (STHs) is $93,000, very close to the LTH zone, suggesting the market is at a critical inflection point.

The divergence in holding behavior is becoming increasingly clear. The supply of BTC controlled by LTHs now accounts for 68% of the total circulating supply, indicating that a majority of Bitcoin is in "strong hands" and is unlikely to be sold. Adding another layer of proof to this extreme "hodling" mentality is the behavior of miners from the "Satoshi era." These ancient wallet addresses have only sold a mere 150 BTC throughout all of 2025, a move that signals absolute confidence in the long-term potential.

In summary, from the record-breaking accumulation and historical precedents to the behavior of the oldest players, all signs are pointing to an incredibly solid market foundation. This foundation is being fortified by the unwavering conviction of its most experienced participants.