Whales Start Accumulating Bitcoin After Months of Distribution

Bitcoin (BTC) prices are under pressure, with current levels just above $80,000, down 25% from the all-time high of over $109,000. However, whale investors—wallets holding 10,000 BTC or more—are starting to accumulate for the first time in nearly a year, according to Glassnode data.

Whales last engaged in aggressive buying in August 2024 when BTC traded between $50,000 and $60,000.
Whales typically buy during corrections and sell during price increases.
Despite whale activity, the overall market sentiment remains bearish.
Glassnode's Accumulation Trend Score is at 0.15, indicating dominant selling pressure among other investor groups.

This behavior suggests that while whales are positioning themselves, broader market conditions could lead to further price declines in the short term.