Bitcoin Accumulation Gains Momentum as U.S. Investors Drive Bullish Sentiment
Bitcoin (BTC) has surged 10% this week, climbing above $121,000 on Thursday—the highest since its Aug. 14 record, according to CoinDesk. Several wallet cohorts are moving from distribution to accumulation for the first time since August, signaling renewed market optimism.
The Accumulation Trend Score, which measures buying versus selling over a 15-day period, has risen to 0.62, per Glassnode. With a neutral threshold at 0.5, this indicates that, on balance, market participants are accumulating rather than selling. Scores closer to 1 point to stronger accumulation, while readings near 0 reflect continued distribution.
Wallet Cohort Trends
- Wallets holding 100–1,000 BTC have sharply shifted into accumulation after last week’s distribution.
- Holders of 10–100 BTC are beginning to accumulate again.
- Retail wallets with less than 10 BTC have slowed selling and are showing early buying activity.
- Large whales with 10,000+ BTC continue to distribute, extending a trend in place since August.
U.S. trading activity has reinforced bullish momentum. Between Monday and Thursday, Bitcoin gained approximately 8% during U.S. sessions alone, according to Velo data, highlighting strong domestic investor demand.
The combination of renewed accumulation among mid- and small-sized wallets, together with robust U.S. trading performance, points to sustained bullish sentiment and suggests potential for further upside in Bitcoin.
