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Bitcoin whales have been the main accumulators in the $80,000 range
Source: CryptoNewsNet Original Title: Bitcoin whales have been the main accumulators in the $80,000 range Original Link: Bitcoin 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.
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.