- Accumulator addresses added 50,000 BTC in one month, showing conviction-driven buying behavior that continues even during price uncertainty.
- The apparent demand metric shows over 160,000 BTC accumulated in 30 days, indicating that net demand remains firmly positive.
- OTC desk supply fell from 550K BTC in 2021 to 145K BTC today, reflecting sustained long-term absorption from institutional buyers.
Bitcoin demand continues to show resilience even as recent price movements pressure short-term holders. Current metrics reveal sustained accumulation and investor conviction.
Demand Remains Clearly Positive
According to market analyst @Darkfost_Coc, recent concerns from short-term holders (STH) may be rising due to Bitcoin’s price drop. These investors now face decisions between realizing losses or continuing to hold underwater positions. However, demand-side indicators suggest no sign of weakening in overall market structure.
The tweet presents the “apparent demand” chart, which compares new BTC issuance to supply that has remained inactive for over a year. The chart shows the ratio is still well above zero—indicating that around 160,000 BTC has been accumulated over the past 30 days. This positive ratio confirms that current demand remains healthy despite volatility in price levels.
Strong Behavior from Accumulator Addresses
The tweet also provides a breakdown of demand from accumulator addresses—wallets that have acquired BTC without selling any. These addresses often reflect strong conviction and long-term commitment to the asset.
Data shows that in the last month, these entities added approximately 50,000 BTC to their holdings. That shows a continued increase, which indicates to us that these holders have plenty of confidence in the space and are not worried about day-by-day price actions. The actions of these addresses show us they have a bullish expectation of demand, even though at this moment the market is bearish.
This segment of the market plays a stabilizing role, offering a reliable signal of buyer interest. Their activity indicates that core market participants remain engaged and are continuing to build exposure.
OTC Desk Holdings Show Long-Term Decline
The tweet further highlights a long-term drop in Bitcoin held by OTC desks. These off-chain venues cater to large investors and typically reflect long-term demand trends.
Back in September 2021, OTC desks held about 550,000 BTC. That figure has since fallen to approximately 145,000 BTC. This steady decline signals fewer BTC are available for institutional purchase, with more supply being absorbed and held.
The data presented in the tweet concludes that both short-term and long-term demand remain broadly intact, offering stability even during price corrections.
