TLDR
- Accumulation addresses added 61,000 BTC in just the first six days of January.
- Miners sent 33,000 BTC to exchanges to mitigate risks following the rally.
- Market sentiment returns to neutral territory after months of selling pressure.
The pioneer cryptocurrency has started the year with fascinating dynamics. Data revealed by CryptoQuant indicates that Bitcoin accumulation has shown unprecedented momentum, with long-term investor wallets increasing their holdings from 249,000 BTC to 310,000 BTC in less than seven days. This movement marks a decisive shift following the stagnation period observed in late 2025.
This buying frenzy coincides with Bitcoin’s return to the lower $90,000 range. Most notably, these large holders are demonstrating high conviction, preferring to absorb the available supply rather than waiting for deeper corrections. This Bitcoin accumulation is what is sustaining the price against renewed distributive pressure from another key player: the miners.
Miners Flood Exchanges: Is the Rally at Risk?
While demand grows, supply is also hitting exchanges with force. During the first week of the year, approximately 33,000 BTC left miner wallets destined for Binance. This unusually high flow suggests that mining companies are choosing to reduce their risk exposure and secure liquidity following the recent price advance.
Despite this sales volume, the market structure appears stable. The key lies in the asset’s demonstrated absorption capacity. Generally, miner distribution does not guarantee a sharp crash if demand from “accumulators” remains firm.
Furthermore, net buyer sentiment on Binance shifted from a mass sell-off in November to seven consecutive days of moderate net buying in January, averaging $410 million daily. For experts like Axel Adler Jr., this indicates that the market has moved out of the extreme fear zone and is currently in a neutral stabilization phase. The sustainability of this trend will depend on whether Bitcoin accumulation can continue to neutralize incoming supply in the coming weeks.
