TLDR
- Bitcoin whales holding between 1,000 and 10,000 BTC are actively buying as prices hover around $80,000.
- On-chain data shows these large holders are the only group showing consistent accumulation behavior.
- Small investors with less than 1,000 BTC have continued to sell their holdings in the current price range.
- The Crypto Fear and Greed Index remains in the fear zone reflecting weak retail sentiment.
- Bitcoin whales with over 10,000 BTC have slowed their buying but are not currently selling.
Large holders have increased their Bitcoin holdings during the latest dip, while smaller investors have continued to offload their assets.
Bitcoin Whales Accumulate During $80k Dip
Bitcoin whales holding between 1,000 and 10,000 BTC have been accumulating heavily since the price fell near $80,000. On-chain data confirms that these large holders have maintained steady accumulation over the past two weeks.
Glassnode’s Accumulation Trend Score for this cohort is near 1, indicating a strong accumulation phase. The score, which ranges from 0 to 1, measures buying or selling behavior over the previous 15 days. A score close to 1 signals consistent accumulation by Bitcoin whales in this bracket.
This group is now the only whale cohort actively buying Bitcoin as the price stays within the $80k range. BTC last traded at these levels in April this year, making the recent dip a buying opportunity. Glassnode data indicates these Bitcoin whales have continued increasing long positions.
Smaller Investors Exit Positions
Investors holding less than 1,000 BTC have been reducing their holdings during the same period. Data reveals consistent selling activity among this group as prices range between $85,000 and $95,000.
While Bitcoin whales accumulate, smaller holders have shown a distribution pattern, offloading BTC around current levels. Glassnode metrics suggest this cohort lacks confidence in short-term price recovery. Selling pressure from these addresses has contributed to stagnant price movements.
The Crypto Fear and Greed Index currently reads 25, placing market sentiment in the “fear” zone. According to Coinglass, this index has remained in “fear” or “extreme fear” for the last four weeks. This sentiment aligns with broader retail selling activity.
Largest Whales Slow Purchases
Addresses holding more than 10,000 BTC increased their holdings in late November but have since reduced buying activity. However, they have not shown signs of selling during recent market fluctuations.
These Bitcoin whales previously made large acquisitions when BTC hit $100,000 in mid-2025. Currently, they maintain their holdings without actively adding to their balances. Glassnode has not recorded any sharp movement in this category in recent weeks.
These entities may be awaiting price consolidation before reentering the market. Despite their slowdown, they are not contributing to the current selling pressure. Their inactivity contrasts with the active accumulation by the 1,000–10,000 BTC group.
Strategy and Hyperscale Add Bitcoin
Strategy, a U.S.-based software firm, added 1,229 BTC worth $108.8 million to its holdings. The company used proceeds from a new MSTR common stock issuance for the purchase.
Each Bitcoin was acquired at an average price of $88,568, according to a December 29 report. Strategy now holds 672,497 BTC, valued at approximately $58.91 billion. Data from BTC Treasuries confirms this figure.
Hyperscale Data, another U.S. public company, has also expanded its Bitcoin reserves. Details on the volume purchased have not been disclosed. These corporate actions align with the broader trend of institutional accumulation.
Bitcoin is currently trading at $87,738, according to CoinMarketCap data. The price has moved between $85,000 and $95,000 since late November.
BTC has lost 0.49% in the last 24 hours and 2.19% in the past week. The current price is 30.53% below the all-time high of $126,198 reached in October. Trading volumes have remained stable despite market fear.
Bitcoin whales continue to accumulate while small investors sell in uncertain conditions. The market awaits further price movement as accumulation trends persist.
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