The post BTC whales back to stacking Bitcoin, shifting from distribution mode appeared on BitcoinEthereumNews.com.

Glassnode analytics revealed that the largest Bitcoin holders are now back in accumulation after briefly being in distribution. According to the firm, all wallet cohorts indicated varying degrees of buying. At the time of publication, BTC is currently exchanging hands at $104,786, a 3.75% drop in the last 7 days. The digital asset is also a few percentage points shy of its all-time high of $111.970, but despite its small pullback, BTC is still up 13% this year. BTC struggles to push past its all-time high While its price may appear stable on the surface, on-chain data suggests a shift from distribution to accumulation among Bitcoin’s largest holders. Glassnode’s Accumulation Trend Score, a measure of accumulation behavior across various wallet-size cohorts, suggested the shift in BTC’s market dynamics. The metric evaluates purchasing strength by combining the size of wallet entities with the volume of BTC acquired over the past 15 days. The firm also noted that wallets associated with exchanges and miners are excluded from the analysis to provide a clearer picture of investor behavior. Data from Glassnote showed that the strongest wallet activity of cohorts was at the 10-100 groups, while the least wallet activity was below 1 group. The analytics company also noted that both scored 1.0, which is the highest possible. A reading of 1 indicates strong bullish momentum, while a level near 0 points to a market sell-off. Bitcoin Trend Accumulation Score by Cohort. Source: Glassnode According to Glassnode, wallets holding 10,000 BTC or more, typically classified as whales, were the first to begin accumulating at the market’s April lows at around $75,000. The data indicated that the cohorts are now reducing their holdings while others remain in accumulation mode. The analytics firm suggests a strategic shift, potentially driven by a desire to lock in profits…

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Filed under: News - @ June 5, 2025 3:27 pm