Whales Scoop Up $5B BTC Since March, Echoes Pre-80% Rally Behavior

Bitcoin wallets holding >10K BTC show near-perfect accumulation. 1K–10K BTC wallets score 0.7, signaling strong buying pressure. Accumulation could trigger a supply squeeze if demand rises. Large Bitcoin holders, “whales,” are at it again with an aggressive accumulating spree. According to Glassnode data , wallets holding over 10,000 BTC have resumed near-perfect accumulation behavior, showing a trend accumulation score of 0.9, the strongest in recent times. This whale resurgence comes as Bitcoin pushes back above the $90K level, suggesting these deep-pocketed players are positioning for a potential major leg up. Glassnode’s trend accumulation score, which tracks whether wallet groups are net buying or selling, shows similar conviction among mid-sized holders. Wallets with 1,000–10,000 BTC boast a strong 0.7 score, while the 100–1,000 BTC cohort is trending towards 0.5, indicating broad-based buying strength. $5B Bitcoin Haul Since March Echoes Pre-Rally Behavior Since the beginning of March, Bitcoin whales have accumulated tens of thousands of BTC valued at over $5 billion. The last time we saw such aggressive whale accumulation, $BTC was belo… The post Whales Scoop Up $5B BTC Since March, Echoes Pre-80% Rally Behavior appeared first on Coin Edition .

Source: Coin Edition