Prices remain under pressure and feeling is so weak that one would think that it has been 2022 again, but for the first time in almost a year, Bitcoin whales (BTC) are buying.
After the distribution months as Bitcoin increased to a higher record above $ 109,000, the so -called whales (wallets that have 10,000 BTC or more) accumulate significantly as prices fall to a bit of $ 80,000, according to Glassnode data.
The last time the whales were buying so aggressively was in August 2024 with Bitcoin in the range of $ 50,000- $ 60,000 since Yen’s trade was unrolling.
Often considered “intelligent money”, whales tend to buy during deep corrections and are sold in force, a pattern that has been constantly developed in the last eight months.
Despite this renewed whale activity, the broader behavior of the market is still bassist, with Bitcoin currently 25% from its historical maximum. The Glassnode accumulation trend score, which tracks the behavior of different wallet cohorts in a 15 -day window, shows that most other investor groups are still in distribution mode.
A score closer to 1 indicates the accumulation, while a score about 0 indicates distribution. With a general market score of only 0.15, the sales pressure remains dominant. This suggests that while whales begin to buy the immersion, the feeling of the widest market continues to incline bassist, potentially exerting lower pressure on the price, at least in the short term.
