The demand coming from addresses that #CryptoQuant refers to as accumulation addresses continues to rise sharply.

The monthly accumulation of funds on them currently amounts to ~372,000 BTC. For comparison, in September 2024, just before the first historical rise of Bitcoin to $100,000, the average figure was only 10,000 BTC.

This sample excludes known addresses of exchanges and miners, and outflows are not recorded on them.