Bitcoin's price analysis reveals a fascinating pattern: BTC is experiencing widespread accumulation across all investor groups, according to Glassnode's insights.
This broad-based buying trend emerged in the wake of a sharp market downturn, where bitcoin's price plummeted from around $80,000 to $60,000 in just one week. This sudden drop triggered a classic panic response from retail investors, who were rushing to exit their positions. However, a different story unfolded among whales, the big players in the market. Despite the initial sell-off, whales saw an opportunity and began quietly accumulating bitcoin at the lower prices.
This shift in behavior is not just anecdotal. Glassnode's Accumulation Trend Score by cohort, a sophisticated metric, confirms this trend. It measures the relative strength of accumulation across different wallet sizes, considering both the size of the entities and the amount of BTC they've acquired in the past 15 days. A score closer to 1 indicates strong accumulation, while a score closer to 0 suggests distribution.
As of February 7, 2026, the Accumulation Trend Score by cohort has surpassed 0.5, reaching an impressive 0.68. This is a significant milestone, marking the first time since late November that such widespread accumulation has been observed. Interestingly, this period coincides with bitcoin forming a local bottom near $80,000, suggesting that investors are finding value in the cryptocurrency after a substantial drawdown of over 50% from its October all-time high.
The most aggressive dip buying has been observed among wallets holding between 10 and 100 BTC, who stepped in as prices fell towards $60,000. While the ultimate bottom remains uncertain, this data strongly suggests that investors are once again recognizing the value of bitcoin, even after a significant price correction.
