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Bitcoin large holders shift to net accumulation, but US demand signals remain weak

Market News
22 Oct 2026
Tokenpost
View Source
Neutral
Bitcoin large holders shift to net accumulation, but US demand signals remain weak

Bitcoin wallets holding 1,000 to 10,000 coins have moved back to net accumulation, indicating some large holders are adding to their Bitcoin positions. However, weak demand signals linked to the US market, such as a negative Coinbase Premium Index and subdued spot demand indicators, suggest broader buying interest remains limited. Binance's Tether reserves have nearly doubled, showing potential buying power, but this has not yet translated into confirmed Bitcoin purchases. Overall, these mixed signals mean Bitcoin has not clearly formed a market bottom, and stronger US-linked demand would be needed to support a sustained price rise.

Regarding Binance USDT reserves and US-linked Bitcoin buying, here is Pluang's market snapshot as of Oct 22, 2026 13:02 WIB: Among 50 major cryptocurrencies priced on Pluang, 10 rose and 39 fell today. Notable price changes include SXP (Solar) down 46.27% at Rp37, BAL (Balancer) up 11.14% at Rp16.297, and EOS (EOS.IO) up 8.13% at Rp12.649. The most notable figure is SXP's 46.27% decline.

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