PANews reported on September 9th that CryptoQuant analyst Darkfost stated that demand for BTC accumulation addresses is surging, and this particular type of address, known as "accumulation addresses," has just hit a new high in terms of BTC accumulation. As of September 5th, these addresses had accumulated over 266,000 BTC, setting a new all-time high for their holdings.

"Accumulation addresses" are defined as wallets that have conducted at least two transactions involving a minimum amount of Bitcoin and have never executed any sell transactions. Therefore, these addresses can be associated with the behavioral characteristics of long-term holders. Amidst booming corporate treasuries, Bitcoin's growing adoption, and its increasing acceptance as a store of value, it appears that significant amounts of Bitcoin are being accumulated with the explicit intention of long-term holding.