Bitcoin Accumulation Amid Market Weakness? Sharp Rise in 1K BTC Holders Suggests So
CoinDesk
A sharp increase in entities holding 1,000 BTC suggests significant accumulation despite recent market weakness.Summary
Despite Bitcoin tumbling and remaining below $100,000, the number of unique entities holding at least 1,000 BTC has recently climbed to 1,436, reversing the prior trend of long-term sellers. This cohort previously peaked above 1,500 in November 2024. Supporting this accumulation thesis, Glassnode's Accumulation Trend Score shows that whales holding over 10,000 BTC are no longer heavy sellers, and entities holding 1,000 to 10,000 BTC are showing modest accumulation. The strongest buying conviction is coming from holders with 100 to 1,000 BTC and those holding less than 1 BTC, suggesting both large and small entities believe Bitcoin is undervalued at current levels.
(Source：CoinDesk)