The rate of Bitcoin accumulation by large holders has reached its highest level in the last 11 years at $BTC . This was reported by analysts at CryptoQuant.

According to their data, the metric tracks the pace at which large players move Bitcoin. The current figure exceeds all previous cyclical peaks, including periods of local market highs and lows, the report states.

Analysts noted that such dynamics indicate aggressive accumulation by whales, suggesting a large-scale capital redistribution and potential increase in market volatility.

At the same time, the Miner Position Index (MPI) is at around -1.04. This is one of the lowest readings in the history of observations and only the third time the 30-day average has dropped to the -1 mark, CryptoQuant stated.

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