Onchain data shows inflows to accumulation addresses topping 67,000 BTC, while total outflows from Bitcoin miners fell to levels not seen since 2024.
Bitcoin (BTC) demand from long-term holders increased by 48.5% over the past seven days. This rise in accumulation coincided with a sharp decline in Bitcoin miners’ selling activity, as the Miners’ Position Index (MPI) dropped to levels last seen in 2024.
The development highlights a phase where long-term participants are steadily absorbing Bitcoin, while selling from the miners continues to decrease.
CryptoQuant data shows that the demand from accumulator addresses lifted holdings to roughly 205,000 BTC on March 30 from 138,000 BTC on March 23. The increase follows a drawdown from a March peak near 210,000 BTC, marking a renewed phase of demand from long-term participants.
