Bitcoin selling intensifies across all wallet sizes despite price holding near $70,000

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin selling intensifies across all wallet sizes despite price holding near $70,000 Glassnode’s Accumulation Trend Score drops to 0.04 as smaller wallet cohorts offload BTC while macro headwinds intensify. By James Van Straten | Edited by Stephen Alpher Mar 12, 2026, 2:29 p.m. Make us preferred on Google Accumulation Trend Score by Cohort (Glassnode) What to know : Wallets holding 1–10 BTC and 10–100 BTC are in heavy distribution, according to Glassnode data, driving the overall Accumulation Trend Score down to 0.04. Bitcoin nevertheless continues to hold in the $70,000 area, outperforming stocks and gold since the Iran war began. On-chain data from Glassnode shows that bitcoin holders across nearly all wallet cohorts have shifted back to aggressive selling amid persistent geopolitical tensions in the Middle East. The distribution is being led primarily by retail investors, who appear to be the main source of selling pressure. Glassnode's Accumulation Trend Score, which measures whether different wallet groups are buying or selling, has dropped to around 0.04, signalling deep net distribution across the network. The metric evaluates both the size of entities and the amount of bitcoin they have accumulated over the past 15 days. The breakdown shows that smaller holders are leading the distribution. Wallets holding 1 to 10 BTC, typically associated with retail investors, are in heavy selling mode. Entities holding 10 to 100 BTC are also distributing at a significant pace. Even larger participants are not immune to the trend. Wallets holding 1,000 BTC or more are also net sellers, though the intensity of their selling is less severe than that seen among smaller cohorts. Despite the broad-based distribution, b itcoin continues to demonstrate relative resilience compared with traditional macro assets. The U.S. dollar index has risen above 99.5, the U.S. 10-year Treasury yield has climbed to a one-month high above 4.2%, and brent crude oil is trading around $100. Typically, stronger yields, a firmer dollar and higher oil prices create significant headwinds for risk assets. Bitcoin’s ability to hold near $70,000 suggests underlying demand remains intact even as on-chain data shows investors bailing in the short term. Bitcoin News Glassnode More For You BlackRock debuts staked ether ETF as demand grows for yield in crypto funds By Helene Braun | Edited by Stephen Alpher 2 hours ago The BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) lets investors earn staking rewards alongside spot ETH exposure. What to know : BlackRock’s iShares Staked Ethereum Trust ETF (ETHB), the firm’s first crypto fund to incorporate staking, begins trading on Nasdaq on Thursday. ETHB will hold spot ether and stake a portion of its holdings, aiming to combine ether price exposure with staking rewards while offering the operational benefits of an ETF. The fund, which charges a 0.25% sponsor fee with a temporary discount to 0.12% on the first $2.5 billion, targets a broad range of investors as BlackRock deepens its push into digital asset products. Read full story Latest Crypto News Eightco shares jump on $125 million funding commitment, investment in OpenAI, Beast Industries 27 minutes ago Tether invests in Ark Labs to make Bitcoin ready for stablecoins and payments 1 hour ago CoinDesk 20 performance update: Polkadot (DOT) drops 2.3% as index trades lower 1 hour ago Crypto accounting firm Cryptio raises $45 million as institutional demand accelerates 1 hour ago BlackRock debuts staked ether ETF as demand grows for yield in crypto funds 2 hours ago Bitcoin futures trading is now five times bigger than spot on Binance 3 hours ago Top Stories Bitcoin steady near $70,000 as rising open interest hints at cautious, bearish positioning 3 hours ago Crypto code commits fall 75% as developers move to AI projects 7 hours ago Bitcoin climbs the wall of worry amid escalating Iran war and stock market losses 3 hours ago Strategy’s STRC buys an estimated 7,000 bitcoin this week, but Two Prime CEO warns ‘no free lunch’ 3 hours ago Bonk.fun hacked: Domain hijacked, crypto drainer planted 10 hours ago SEC, CFTC end years of rivalry with deal that will mean combined crypto oversight 15 hours ago