BTC Whales Return to Accumulation as Price Climbs Past $90,000

Bitcoin Whales Resume Buying as Price Rebounds Above $90K

After months of selling, large bitcoin holders are returning to the market, signaling renewed confidence at key support levels.

Throughout 2025, particularly since August, whales and early BTC holders have been net sellers, offloading coins as prices hovered above $100,000. That trend has shifted following a 35% drawdown from October highs, with bitcoin finding a bottom near $80,000 and rebounding above $90,000.

Glassnode’s Accumulation Trend Score by cohort shows that holders of 10,000 BTC or more have flipped to net accumulation over the past week, posting a strong score of 0.8. The 1,000–10,000 BTC cohort has also turned positive for the first time since September.

Smaller holders have also been buying. The 100–1,000 BTC cohort has been accumulating aggressively since October, while retail holders with less than 1 BTC are now showing their strongest accumulation since July.

The Accumulation Trend Score measures net buying by wallet size over the past 15 days, excluding exchanges and miners. Values near 1 indicate strong accumulation, while scores near 0 signal distribution.

The data suggests the market views the $80,000 region as a value zone. May’s support levels were in the low $80,000s, including an $82,000 cost basis for U.S. spot bitcoin ETFs, reinforcing the perception that buyers see this area as fair value.