Whales Ramp Up Bitcoin Holdings Amid Market Weakness
Glassnode data shows Bitcoin accumulation by large holders has surged, with 1,436 entities holding at least 1,000 BTC as prices dip below $100,000 to multi‐month lows. This reversal from 2025’s net-selling trend follows similar patterns in January 2024 ahead of the US ETF launch. The Glassnode Accumulation Trend Score shows whales (over 10,000 BTC) have halted distributions, while 1,000–10,000 BTC entities begin modest accumulation. Mid-tier (100–1,000 BTC) and small (under 1 BTC) holders lead the strongest buying. Rising whale activity and renewed Bitcoin accumulation amid market weakness suggest traders view current prices as undervalued, potentially setting the stage for a rebound. This shift in holder behavior aligns with past accumulation phases that preceded significant price rallies.
Bullish
Rising Bitcoin accumulation by large holders often precedes price rallies, as seen in early 2024 before the US ETF launch and in late 2024 following political catalysts. The surge in 1,000+ BTC wallets and improved Accumulation Trend Scores indicate major players view current prices as undervalued. Reduced selling pressure from whales (over 10,000 BTC) and renewed buying by mid-tier and small holders suggest a shift from defensive to opportunistic positioning. Such accumulation during a market downturn reflects growing conviction and supports a bullish outlook. In the short term, accumulating whales may stabilize prices and reduce volatility; in the long term, sustained buying pressure could underpin a broader recovery and further upside.