Bitcoin whales have been the main accumulators in the $80,000 range

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin whales have been the main accumulators in the $80,000 range While large bitcoin holders accumulate, smaller investors are selling. By James Van Straten | Edited by Sheldon Reback Dec 29, 2025, 10:07 a.m. Trend accumulation score by cohort (Glassnode) What to know : Glassnode data shows the 1,000 to 10,000 BTC whale cohort has supported sustained bitcoin buying over the past few weeks. The group has a strong Accumulation Trend Score, near 1. Entities holding fewer than 1,000 BTC are net sellers, a pattern consistent with capitulation as the Crypto Fear and Greed Index has remained in "fear" or "extreme fear" for the past month. Bitcoin BTC $ 89,558.82 whales, or holders with at least 1,000 BTC, have been the dominant buyers since the price of the largest cryptocurrency bottomed near $80,000 at the end of November, according to Glassnode data . They remain the strongest accumulators as bitcoin trades just below $90,000 . According to Glassnode data, the 1,000-10,000 BTC cohort is the only group showing sustained accumulation, with an Accumulation Trend Score close to 1. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The metric breaks down buying and selling behavior across wallet cohorts, measuring both the size of entities and the net amount of bitcoin they have acquired over the past 15 days. A score closer to 1 indicates accumulation, while a score closer to 0 signals distribution. The data suggests that large holders have been accumulating bitcoin in the $80,000 range, a price level bitcoin has not traded in for an extended period compared with other price buckets. This behavior contrasts sharply with smaller holders, all of whom show varying degrees of distribution. Given that the Crypto Fear and Greed Index has remained in "fear" or "extreme fear" for roughly the past 30 days, this selling pressure from smaller entities likely reflects capitulation. Meanwhile, the 10,000-plus BTC whale cohort was aggressively buying when bitcoin traded near $80,000 in late November, though they have begun to slow over recent weeks. Still, as a cohort they are not yet selling, which was the dominant behavior the the BTC price topped $100,000 around mid-year. Glassnode Whale Bitcoin News More For You State of the Blockchain 2025 By CoinDesk Research Dec 19, 2025 Commissioned by Input Output Group L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below. What to know : 2025 was defined by a stark divergence: structural progress collided with stagnant price action. 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