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Apr 9, 2026 upd. 8 Jun

Bitcoin holders accumulate 4.37M BTC as network index turns bullish

2 min

Bitcoin active-address momentum hits 2018 low as network index turns bull

Bitcoin active-address momentum fell to -0.25 on Apr 6, the weakest since Apr 2018, per CryptoQuant. At the same time, its network activity index crossed above the 365‑day average, a level associated with a bull phase.

The market skews to fewer actors. Short-term traders are missing, analysts say.

  • Active-address momentum has stayed weak since July 2025. A similar 2024 stretch preceded a 35% drop, per CryptoQuant.
  • Accumulating cohorts now hold 4.37M BTC, up from ~2.0M in early 2024, per CryptoQuant.
  • Retail-linked addresses added ~857k BTC. DCA-style wallets reached ~1.30M BTC, per CryptoQuant.
  • Exchange inflows average 300k–350k BTC recently versus 1.2M–1.5M in 2023–2024. Less coin sits on exchanges, reports note.
  • The network activity index rose to 3,600 from 3,320 on Mar 22 and crossed its 365‑day MA for the first time since Dec 2024, the first such “bull” signal since Apr 2025, per CryptoQuant.

Accumulation led while Q1 2026 price stayed below $70,000, per Bitcoin pricing data.

At publication, Bitcoin was trading at $72,045, up ~5% on the day.