Analyst: Strong hands continue accumulating Bitcoin during the downturn, large holder positions hit record high

According to Odaily, CryptoQuant analyst Darkfost stated on X platform that during this correction, large investors holding over 1 Bitcoin are taking advantage of the price decline to increase their positions. The total BTC holdings of such investors have surged to a new all-time high of over 16.8 million coins, indicating that long-term allocation demand continues to strengthen, further reflecting the institutionalization trend of Bitcoin assets.

Data shows that the position size of this investor group continues to rise, suggesting that market participants are more inclined to allocate assets from a long-term perspective rather than engaging in short-term trading.

On the retail side, analysis points to signs of re-accumulation emerging, but overall caution remains. Retail holdings currently stand at approximately 1.7 million BTC, still below the historical peak set in December 2023. Some retail investors chose to take profits during the previous upward rally, while other funds may have adjusted their exposure through more convenient channels such as ETFs.

The analysis concludes that although behavioral patterns differ among various investor groups, the market as a whole is gradually forming a consensus—that the current stage is more favorable for a long-term allocation window, and the trend of capital re-entering the accumulation phase is strengthening.