CryptoQuant, a leading analytics firm, has released its latest market review highlighting the shift among seasoned Bitcoin investors towards an accumulation phase.
Overview of CryptoQuant Analysis
According to CryptoQuant's analysis, experienced Bitcoin investors are transitioning into an accumulation phase, a trend that has historically preceded significant price increases.
Key Accumulation and Selling Phases
CryptoQuant identifies four main periods of coin accumulation by experienced market participants: January 2023, October 2023, October 2024, and the current phase in March 2025. These phases are marked with blue circles on the firm's analysis chart. In contrast, significant selling peaks occurred in January, April, and July 2024, with the last peak in March 2025, marked with red circles.
Current Phase and Market Implications
In the current accumulation phase, analysts note several critical factors. Investors who previously sold at market peaks have now adopted a holding strategy, evident from the Value Days Destroyed (VDD) indicator, which is at its minimum in March 2025. The lack of significant selling suggests that seasoned participants find the current Bitcoin price level unattractive for profit-taking. Historical market cycles show that periods of low VDD marked by accumulation phases precede upward price movements.
CryptoQuant’s findings suggest that the current accumulation phase could signal further appreciation of Bitcoin’s price in the medium term.
