570,000 BTC Accumulated Since July Despite ETF Selling Pressure
New Bitcoin buyers have added 570,000 BTC to their holdings since July, maintaining an average cost basis of $75,000 per coin.
New Bitcoin buyers have added 570,000 BTC to their holdings since July, maintaining an average cost basis of $75,000 per coin. Bitcoin (BTC) is trading at $81,479.00. This is an original TLT brief based on reporting by Coinfomania, with live market data added, as of Sat, 17 Oct 2026 14:45:01 UTC.
This significant accumulation highlights strong institutional and retail demand for Bitcoin, even amid ETF-related selling pressure, suggesting underlying market strength.
- 570,000 BTC added to holdings since July despite ETF selling.
- Average cost basis for new buyers remains at $75,000 per BTC.
- Market shows resilience amid institutional distribution pressure.
New 
Bitcoin buyers have added 570,000 BTC to their holdings since July, according to Coinfomania. This accumulation has occurred despite selling pressure from Bitcoin exchange-traded funds (ETFs), which have been distributing BTC to meet redemption requests.
The new buyers have maintained an average cost basis of $75,000 per BTC, suggesting they are entering the market at elevated price levels. This indicates strong conviction among new market participants, even as existing holders, including ETF issuers, have been distributing.
The data suggests a dynamic market environment where institutional selling is being absorbed by new buyers. This could be a sign of broadening market participation, with both institutional and retail investors showing interest in Bitcoin at current price levels.
The broader crypto market remains relatively stable, with a total market cap of $2.8 trillion. Bitcoin itself is currently trading at $81,408, down 0.60% in the past 24 hours but showing a more pronounced 7-day decline of 1.61%. The Fear & Greed Index stands at 55, indicating a 'Greed' sentiment among investors.
The accumulation of 570,000 BTC amid ETF selling pressure underscores the resilience of Bitcoin's market demand. Investors will be watching to see if this trend continues and how it impacts price dynamics in the coming weeks.
Since this brief published about 55 minutes ago, Bitcoin (BTC) has moved from $81,408.00 to $81,479.00 — +0.09%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₦111.19M (about $81,479.00), down 1.0% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
570,000 BTC Accumulated Since July Despite ETF Selling Press — questions & answers
What is the significance of 570,000 BTC being accumulated?
It indicates strong demand from new buyers, suggesting confidence in Bitcoin's long-term value despite ETF-related selling.
How does the $75,000 cost basis affect the market?
It shows new buyers are entering at high price levels, indicating they expect further price appreciation.
What does this mean for Bitcoin's price?
The data suggests potential price support from new buyers, but market conditions and investor sentiment will also play a role.
How much is 1 Bitcoin worth in naira today?
About ₦111.19M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $81,479.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is up 0.09% since this brief first published — trading at $81,479.00 now versus $81,408.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Coinfomania. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.