Bitcoin accumulation addresses absorb 67K BTC as miner-led selling falls: Data The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more ) demand from long-term holders increased by 48.5% over the past seven days. This rise in accumulation coincided with a sharp decline in Bitcoin miners’ selling activity, as the Miners’ Position Index dropped to levels last seen in 2024. The development highlights a phase where long-term participants are steadily absorbing Bitcoin, while selling from the miners continues to decrease.lifted holdings to roughly 205,000 BTC on March 30 from 138,000 BTC on March 23. The increase follows a drawdown from a March peak near 210,000 BTC, marking a renewed phase of demand from long-term participants.The BTC accumulation increased during the recent price decline, indicating an active absorption of available supply.that the Miners’ Position Index 30-day moving average has dropped to -1.042, a level last seen in 2024 lows. MPI measures the ratio of total miner outflow to its one-year average. Lower values imply reduced selling relative to historical norms. This indicates fewer coins are entering circulation from miners, easing immediate sell-side pressure. The rising accumulator balances and lower miner selling reduce the amount of Bitcoin entering the market. This points to a phase where long-term holders are buying while miners are selling less. The short-term positioning on exchanges exhibits a different pattern. Binance’s seven-day net taker flow negative $1.2 billion on Monday, aligning with the recent downside pressure. Earlier in March, the same metric recorded a positive $3.28 billion flow on March 15. The reversal highlights an increase in aggressive sell pressure across derivatives markets.The sentiment data reinforces this shift. The Bitcoin Unified Sentiment Index sits below the -50 threshold at -62.9%, compared with a near-neutral reading of -2.42 on March 15. The index combines derivatives positioning, volatility and volume signals to gauge directional bias. A reading below zero points to sustained sell-side dominance over recent sessions.back toward neutral territory marks a change from earlier extremes. Fear has eased while conviction on both sides stays limited, leaving the activity closely tied to liquidity flows around the current range between $75,000 and $60,000. Related: Six straight months of losses? Five things to know in Bitcoin this week This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.