Wu Says learned that CryptoQuant analyst Cauê Oliveira said that, as BTC has fallen nearly 50% from its peak, large addresses holding between 1,000 and 10,000 BTC are accelerating their accumulation, adding a total of nearly 48,000 BTC over the past 30 days. The group’s current holdings have rebounded to about 3.09 million BTC, returning to the level before the price drop in February. He believes large holders are continuing to accumulate while BTC prices are weak; however, the address data cannot be directly equated with institutional buying.