Bitcoin Long-Term Holder Community Surpasses 4.37M BTC Amid Rising Network Activity

The recent on-chain data suggests that Bitcoin's long-term holder community has been actively absorbing a significant amount of supply, with accumulating cohorts holding around 4.37 million BTC as of early April 2026.

This shift in supply dynamics is accompanied by rising network activity, with the CryptoQuant Bitcoin network activity index climbing to about 3,600, above its 365-day moving average for the first time since December 2024.

The accumulation momentum has been driven by long-term wallets expanding their holdings, with retail-investor-linked accumulation addresses adding approximately 857,000 BTC and accumulating-pattern wallets expanding by roughly 1.29 million BTC.

By contrast, exchange inflows have cooled significantly, averaging around 300,000-350,000 BTC, which is far below the 1.2-1.5 million BTC ranges seen during prior expansion phases in 2023-2024.