Broad-based bitcoin accumulation emerges after sharp capitulation
Analysis
Price Impact
HighBroad-based accumulation across all investor cohorts (from retail to whales) after a significant price capitulation event suggests strong buying interest and potential for a market reversal.
Trustworthiness
HighThe analysis is based on glassnode data, a highly reputable on-chain analytics firm, and reported by coindesk.
Price Direction
BullishThe emergence of synchronized accumulation, especially by aggressive dip buyers (wallets holding 10-100 btc) after a >50% drawdown, indicates investors are finding value and could push prices higher.
Time Effect
LongBroad-based accumulation phases, as identified by glassnode's accumulation trend score, often signal a significant bottoming process or the start of a sustained recovery rather than a short-term bounce.
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Article Content:
Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Broad-based bitcoin accumulation emerges after sharp capitulation Glassnode data is showing buying across all cohorts of bitcoin holders. By James Van Straten | Edited by Stephen Alpher Feb 7, 2026, 9:00 p.m. Make us preferred on Google Accumulation Trend Score by cohort (Glassnode) What to know : Bitcoin accumulation has broadened across cohorts for the first time since late November. Wallets holding 10 to 100 BTC have been the most aggressive dip buyers during the drawdown, stepping in as prices fell toward $60,000. As February began, bitcoin was trading around $80,000, with whales dipping their toes in while retail investors were running for the exits . Just one week later, bitcoin plunged to $60,000 on Feb. 5, and the market is now showing a broad shift toward accumulation across nearly all cohorts as investors start to see value. This change follows one of the most severe capitulation events in bitcoin’s history. Which now appears to be evolving into a more synchronized accumulation phase. 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 & conditions and privacy policy . Glassnode’s Accumulation Trend Score by cohort highlights this shift in behavior. The metric measures the relative strength of accumulation across different wallet sizes by factoring in both entity size and the amount of BTC accumulated over the past 15 days. A score closer to 1 signals accumulation, while a score closer to 0 indicates distribution. On an aggregate basis, the Accumulation Trend Score by cohort has now climbed above 0.5, reaching 0.68. This marks the first time since late November that broad-based accumulation has been observed, a period that previously coincided with bitcoin forming a local bottom near $80,000. The cohort showing the most aggressive dip buying has been wallets holding between 10 and 100 BTC, particularly as prices fell toward $60,000 While it remains uncertain whether the ultimate bottom is in, it is evident that investors are once again finding value in bitcoin after a drawdown of more than 50% from its October all-time high. Glassnode Bitcoin News Whale