Data Shows Bitcoin Buyers Going All-In at Record Pace
Bitcoin accumulator addresses simply set a brand new all-time high by buying over 375,000 BTC in 30 days, with greater than 50,000 BTC added yesterday alone, in line with CryptoQuant evaluation.
The aggressive shopping for persists whilst total market demand has slowed, whereas Bitcoin hovers round $101,000 amid excessive concern and a 37-day authorities shutdown that’s draining $15 billion weekly from U.S. GDP.
The month-to-month common for these long-term holder wallets has greater than doubled in below two months, surging from 130,000 to 262,000 BTC.
Meanwhile, Bitcoin whales added almost 30,000 BTC, price roughly $3 billion, this week, contrasting sharply with retail panic and ETF outflows which have dominated headlines following BTC’s 20% pullback from its October all-time high of $126,198.
Market Signals Point to Accumulation Zone Despite Fear
Bitcoin’s MVRV ratio now stands at round 1.8, its lowest degree since April 2025, indicating that the market worth is approaching the common price foundation of traders.
Historically, when the MVRV falls to the 1.8-2.0 vary, it usually coincides with mid-term market bottoms or early phases of restoration.
At the identical time, the Stablecoin Supply Ratio has dropped to its lowest level because the COVID-19 pandemic, indicating plentiful dry powder able to be deployed into BTC.
The Fear & Greed Index has additionally plunged to “Extreme Fear” territory, close to 20, as over $1.7 billion in positions have been liquidated previously 24 hours, principally from over-leveraged lengthy positions.
However, change reserves proceed to pattern decrease, which implies cash are being withdrawn into self-custody fairly than offered off, a conduct that traditionally aligns with stabilization phases.
The Realized Profit-to-Loss Ratio’s 90-day easy transferring common sits at 9.4, marking a gentle cooldown since July, but nonetheless greater than double the degrees seen over the last two mid-cycle bear phases.
Notably, on Binance futures, massive help clusters have shaped, with 700 BTC in restrict orders sitting at $100,500. Meanwhile, a 1,000 BTC order at $102,000 was not too long ago stuffed, which implies establishments are nonetheless closely collaborating.
Large help clusters forming on Binance Futures
1,000 BTC restrict order at $102,000 obtained stuffed
Current help: 700 BTC at $100,500, holding agency for now pic.twitter.com/xnS6P4NyEd
— Maartunn (@JA_Maartun) November 6, 2025
Macro Headwinds Reshape Ownership Ratio
Bitcoin’s ownership structure has transformed dramatically as entity-scale holders surged their holdings 21.7% to 7.05 million BTC following spot ETF approval in January 2024, whereas retail holders diminished their balances by roughly 20% to three.4 million BTC.
Uphold’s head of blockchain analysis, Martin Hiesboeck, attributes the shift to whales transferring billions into regulated ETFs, drawn by tax benefits and simpler entry to institutional providers, marking the primary time self-custody could also be declining in Bitcoin’s historical past.
Notably, Crypto dealer Alex Kruger outlined a cautious market outlook, noting that the federal government shutdown poses near-term headwinds till it’s resolved, estimated to happen someday between the tip of subsequent week and Thanksgiving. Afterward, he expects “BTC +5% or extra inside 48 hours of deal.”
The December 10 FOMC assembly might show hawkish as most Fed officers favor a pause not at present priced in, whereas a possible new Fed chair nomination earlier than year-end might show “bullish to very bullish.”
Analysts Divided on Whether Bull Market Has Ended
Market sentiment has turned overwhelmingly unfavourable following Bitcoin’s first October loss in seven years, with the three.69% decline drawing nervous comparisons to 2018 when BTC plunged 36.6% in November after the same October drop.
Market analyst Ted Pillows warned that crypto markets are heading decrease, stating that “there’s a time to be bullish. Now will not be that point.”
FXTM’s senior market analyst, Lukman Otunuga, informed Cryptonews that it has been a “tough and rocky” few weeks, with sellers hanging at each alternative, and cumulative ETF outflows exceeding $1 billion since October 29.
While gold and the S&P 500 have clocked year-to-date returns of 52% and 15%, respectively, Bitcoin’s lagging at 8%, with Otunuga warning {that a} “stable transfer under $95,000” might result in BTC’s first unfavourable 12 months since 2022.
The Coin Bureau’s co-founder Nic Puckrin supplied a extra balanced view, telling Cryptonews {that a} sustained drop under $100,000 “is feasible, however actually not inevitable,” arguing that OG Bitcoiners are “merely taking income after holding for a very long time” fairly than shedding confidence.
Puckrin cautioned that “many digital asset treasuries will promote in a downturn, as a result of they’ve raised funds below particular phrases and might want to meet these obligations, whatever the value of BTC,” which might amplify selloffs via leverage.
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