Bitcoin Long-Term Holders Signal Confidence With 881K BTC Buy—Bull Run Ahead?

• On June 11, the market witnessed 30,784 Bitcoins worth $3.3 billion flow into HODL wallets, bringing total holdings to 2.91 million BTC with an average entry price of $64,000.
• Spot Bitcoin ETFs recorded over $970 million in inflows during the first four trading sessions this week, led by BlackRock’s iShares Bitcoin Trust (IBIT).

Despite the Bitcoin (BTC) price dropping from $110K to under $103K earlier today, driven by factors like Trump tariffs and Iran-Israel conflict, long-term holders have resolved to heavy accumulation over the past month.

Ki Young Ju, CEO of blockchain analytics firm CryptoQuant, revealed a substantial increase in Bitcoin holdings among long-term investors. According to Ju, these holders have added 881,578 BTC to their portfolios over the past 30 days.

#Bitcoin long-term holders added 881,578 BTC over the past 30 days. pic.twitter.com/0503O8acpm

— Ki Young Ju (@ki_young_ju) June 13, 2025

This accumulation underscores growing confidence in Bitcoin’s long-term potential, even as the broader crypto market faces heightened volatility and macroeconomic uncertainties.

Furthermore, a CryptoQuant report also states that the BTC market witnessed its most significant accumulation event of 2025, with 30,784 BTC, worth a massive $3.3 billion, flowing into HODL wallets on June 11. This massive inflow pushed the total BTC held by these accumulation addresses to 2.91 million, with an average entry price of around $64,000.

Source: CryptoQuant

Notably, this accumulation continues even as BTC price trades near its all-time high, highlighting strong confidence among long-term holders and whales in the market’s bullish potential.

Bitcoin ETF Inflows Continue To Surge

Inflows into spot Bitcoin ETFs have continued to gather pace once again this week. During the first four trading sessions this week, BTC exchange-traded funds (ETFs) have recorded over $970 million in inflows, offsetting the outflows observed last week. Interestingly, the BlackRock BTC ETF (IBIT) has dominated most of the inflows, contributing to more than $900 million, as mentioned by CNF in its last report.

BlackRock’s iShares Bitcoin Trust (IBIT) has cemented its position as one of the top 20 most-traded ETFs of 2025, according to Bloomberg Intelligence. Launched in early 2024 following U.S. regulatory approval for spot Bitcoin ETFs, IBIT has quickly outpaced many long-established funds in trading activity, highlighting its strong appeal to investors.

During his recent address, Eric Balchunas, senior analyst from Bloomberg, has projected that Bitcoin exchange-traded funds (ETFs) are on track to surpass gold ETFs significantly, forecasting assets under management (AUM) to triple those of gold ETFs and eventually exceed $1 trillion. The analyst highlighted shifting market dynamics, noting, “No one is talking about gold,” as BTC continues to dominate investment conversations.

BTC Can Experience Some Volatility Amid Geopolitical Tensions

The cryptocurrency options market saw notable activity on June 13, with 28,000 Bitcoin (BTC) and 244,000 Ethereum (ETH) options expiring.

The market remains under pressure from heightened geopolitical risk, particularly after Israel’s attack on Iran, which spurred significant risk aversion. This led to increased volatility in the days leading up to the weekly options expiry. Implied Volatility (IV) for BTC remains low, while ETH has seen a sharp rise in IV.