Bitcoin shows clear signs of accumulation: Binance’s sender-to-receiver ratio fell to its lowest since early 2024 while only 24% of Binance-listed altcoins trade above their 200‑day SMA — indicating growing HODLer behavior and a broad altcoin buy zone. This points to measured accumulation rather than a market top.
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Binance sender-to-receiver ratio hit a 1-month MA low — sign of accumulation
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Only 24% of Binance-listed altcoins are above the 200‑day SMA, suggesting bargain conditions
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Long-term holders sold into strength but BTC held near $110K, showing market resilience
Bitcoin accumulation signals: Binance sender-to-receiver ratio low and altcoins at bargain levels — read analysis and key takeaways from COINOTAG.
Is Bitcoin showing signs of accumulation?
Bitcoin accumulation appears underway: Binance’s sender-to-receiver ratio recently dropped to its lowest level since early 2024, and BTC remained stable near $110K despite long-term holder profit-taking. These on-chain signals suggest more HODL behavior and a reduced supply of active sellers.
What does a falling sender-to-receiver ratio mean?
The sender-to-receiver ratio measures addresses sending BTC versus those receiving it. A sustained decline — especially a 1‑month moving average low — typically means fewer wallets are selling and more are holding, which is a classic accumulation indicator. Source: Cryptoquant
Source: Cryptoquant
How did the market behave through the month?
September saw long-term holders (LTHs) take partial profits as BTC swung from roughly $117K to $108K. Despite these movements, the price remained anchored near $110K, indicating the market absorbed selling without broad capitulation.
Which holder cohorts were most active?
Activity concentrated in coins held between 6 months and 5 years. The 7–10 year cohort showed limited movement. That pattern — older coins moving while prices stay firm — often signals selective profit-taking rather than panic selling.
Source: Cryptoquant
Are altcoins in a buy zone?
Yes — altcoins appear undervalued relative to historical accumulation phases. Only 24% of Binance-listed altcoins trade above their 200‑day SMA, a level historically associated with early accumulation opportunities.
What does the 200-day SMA tell us now?
The low fraction of altcoins above their 200‑day SMA suggests broader weakness in speculative tokens while BTC shows relative strength. Historically, such divergence precedes selective altcoin rallies once macro liquidity or sentiment improves.
Source: X
Frequently Asked Questions
How reliable is the sender-to-receiver ratio as an accumulation signal?
The sender-to-receiver ratio is a reliable short-to-midterm gauge of selling pressure versus accumulation. Sustained declines in the 1‑month MA historically align with accumulation phases, but it should be used with other on-chain metrics for confirmation.
Should traders buy altcoins now?
With only 24% of Binance-listed alts above the 200‑day SMA, conditions appear favorable for selective accumulation. Risk management and project-level due diligence remain essential; broad buying without filters is not advised.
What timeframe should investors watch for confirmation?
Watch weekly on-chain trends and moving averages (50/200 SMA) plus volume. Confirmation often requires several weeks of consistent metrics — not a single-day move.
Key Takeaways
- Accumulation signal: Binance sender-to-receiver ratio at a multi-month low signals more HODL behavior.
- Altcoins cheap: Only 24% of Binance-listed alts above 200‑day SMA — potential selective buying opportunity.
- Market resilience: BTC held near $110K despite LTH profit-taking, suggesting selling was absorbed.
Conclusion
On-chain metrics point to a measured accumulation phase: Bitcoin shows strengthening HODLer behavior while altcoins remain in a bargain bin. Monitor sender-to-receiver trends and the 200‑day SMA for altcoins for clearer timing. COINOTAG will continue tracking these signals and on-chain data.
