Bitcoin Whales Return to Accumulation as Price Rebounds Above $90K
After months of selling, large bitcoin holders are resuming buying, signaling renewed confidence at key support levels.
Throughout 2025, especially since August, whales and early BTC holders had been net sellers, offloading coins as prices traded above $100,000. The trend shifted following a 35% decline from October highs, with bitcoin bottoming near $80,000 and quickly rebounding above $90,000.
Glassnode’s Accumulation Trend Score shows that holders of 10,000 BTC or more have flipped to net accumulation over the past week, posting a strong score of 0.8. The 1,000–10,000 BTC cohort also turned positive for the first time since September.
Smaller holders have continued buying as well. The 100–1,000 BTC cohort has been aggressively accumulating since October, while retail holders with less than 1 BTC are now showing their strongest accumulation since July.
The Accumulation Trend Score measures net buying strength by wallet size over the past 15 days, excluding exchanges and miners. Values near 1 indicate strong accumulation, while scores near 0 signal distribution.
The data suggests the $80,000 region is now seen as a key value zone. May’s support levels, including an $82,000 cost basis for U.S. spot bitcoin ETFs, reinforce the view that buyers consider this area a fair entry point.
