Bitcoin whales, defined as wallets holding 10,000 BTC or more, have begun accumulating the cryptocurrency for the first time in nearly a year. According to Glassnode data, this significant buying activity started as bitcoin prices fell to just above $80,000. The last time such aggressive whale accumulation occurred was in August 2024, when bitcoin was priced between $50,000 and $60,000. Despite this whale activity, the broader market remains bearish. Bitcoin is currently down 25% from its all-time high of over $109,000. Glassnode’s Accumulation Trend Score, which measures the behavior of different wallet cohorts over a 15-day period, stands at a low 0.15, indicating that most investors are still selling. This score suggests that while whales are buying the dip, the overall market sentiment continues to exert downward pressure on bitcoin prices in the short term.
Junaid Dar
@JunaidDar85
·
Mar 31 Whales Is Accumulating #Bitcoin!
Experienced players who were selling at local peaks are now shifting to accumulation. This phase has historically preceded major market moves.
#Crypto #HODL #BTC
Kyle Chassé / DD
@kyle_chasse
·
Mar 18 BITCOIN WHALES ARE ON THE MOVE!
LONG-TERM HOLDERS HAVE ACCUMULATED 167,000 BTC WORTH NEARLY $14B IN JUST ONE MONTH
GLASSNODE DATA REVEALS MASSIVE BUYING!!!
BITCOINLFG®
@bitcoinlfgo
·
Feb 28 BIG BREAKING
WHALES ARE BUYING #BITCOIN AT RECORD SPEED WHILE RETAIL INVESTORS ARE PANIC SELLING.
DON’T FALL INTO THIS TRAP
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