Bitcoin wallets absorb 4.37M BTC as network activity flips to ‘bull phase’

Written by Biraajmaan Tamuly, Staff WriterReviewed by Ray Salmond, Staff EditorBitcoin wallets absorb 4.37M BTC as network activity flips to ‘bull phase’12 hours agoThe Bitcoin supply held in long-term investor wallets moved above 4 million BTC, while a network activity index flashed a “bull phase” signal.       Listen0: 00 Cointelegraph in your social feed           New data suggests that Bitcoin (BTC) could be moving closer to a bull market phase as its supply slowly shifts back into long-term, retail-linked wallets. The figure surpassed 4 million BTC in Q1 2026. The accumulation trend aligns with a rise in Bitcoin network activity index to levels last seen in April 2025, signaling a return of stronger network activity. Bitcoin long-term wallets expand holdingsCryptoQuant data shows that balances held by accumulating address cohorts continued to rise into Q1 2026. The total BTC held by these cohorts has crossed 4.37 million BTC as of Tuesday, up from about 2 million BTC in early 2024, signaling sustained supply absorption. The retail-investor-linked accumulation addresses added roughly 857,000 BTC, while the accumulating pattern wallets, defined as addresses that steadily add BTC at recurring intervals with minimal outflows, expanded to 1.29 million BTC. This growth occurred while the price remained capped below $70,000 throughout the first quarter of 2026. In contrast, the inflows from centralized exchanges and highly active addresses have slowed.