“While large bitcoin holders accumulate, smaller investors are selling.”, — write: www.coindesk.com
According to Glassnode data, the 1,000-10,000 BTC cohort is the only group showing sustained accumulation, with an Accumulation Trend Score close to 1.
The metric breaks down buying and selling behavior across wallet cohorts, measuring both the size of entities and the net amount of bitcoin they have acquired over the past 15 days. A score closer to 1 indicates accumulation, while a score closer to 0 signals distribution.
The data suggests that large holders have been accumulating bitcoin in the $80,000 range, a price level bitcoin has not traded in for an extended period compared with other price buckets.
This behavior contrasts sharply with smaller holders, all of whom show varying degrees of distribution.
Given that the Crypto Fear and Greed Index has remained in “fear” or “extreme fear” for roughly the past 30 days, this selling pressure from smaller entities likely reflects capitulation.
Meanwhile, the 10,000-plus BTC whale cohort was aggressively buying when bitcoin traded near $80,000 in late November, although they have begun to slow over recent weeks. Still, as a cohort they are not yet selling, which was the dominant behavior the BTC price topped $100,000 around mid-year.
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional gains. Explore the key trends defining ten major blockchains below.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
View Full Report
Bitcoin reversed Asian session gains, dropping below $88,000 and affecting major altcoins.
- Bitcoin reversed Asian session gains, dropping below $88,000 and dragging major altcoins lower.
- The decline aligns with a drop in Nasdaq futures, highlighting their strong positive correlation.
- Traders have reduced their leveraged positions as open interest in futures has decreased, reflecting cautious market sentiment.
Read full story