A large-scale counter-trend Accumulation of Bitcoin has occurred in history, with long-term holders increasing their holdings by 186,000 BTC in a single month.

According to ChainCatcher news and CryptoQuant's on-chain data, there are abnormal signals. Since October 6, the demand for BTC from long-term diamond hands has surged from 159,000 to 345,000, creating the largest accumulation scale in recent cycles. However, contrary to historical patterns, the price has not only failed to rise but has instead fallen sharply. In the past, when long-term holders significantly accumulated supply, it usually triggered supply squeezes and drove prices to form temporary peaks. However, this round of the market presents a contradiction: smart money is accumulating chips in extreme panic, while the market is trapped in billions of dollars of unrealized losses. Analysts point out that this abnormal Accumulation during a downtrend usually signals two outcomes: Scenario 1: After the supply depth is absorbed, a strong rebound erupts when retail investors leave the market, and institutions take the opportunity to distribute chips to new entering funds. Scenario 2: The price further tests the bottom, completely washing out the market buy orders, even forcing strong buyers to reassess, laying the foundation for a more sustained trend.