Deep-pocketed bitcoin investors have been steadily accumulating around $80,000.

Bitcoin’s largest holders have led accumulation since the cryptocurrency bottomed around $80,000 in late November, according to data from Glassnode. Wallets with at least 1,000 BTC remain the most active buyers even as bitcoin continues to trade just under the $90,000 level.

Among the various wallet cohorts, the 1,000–10,000 BTC group is the only segment showing sustained accumulation, posting an Accumulation Trend Score close to 1. The indicator measures net buying and selling behavior across wallet sizes over the past 15 days, with higher scores signaling accumulation and lower readings pointing to distribution.

Glassnode’s data suggests that large investors have been steadily building positions in the $80,000 range — a price area where bitcoin has spent comparatively little time relative to other trading zones. Smaller holders, by contrast, are showing consistent distribution across all cohorts below 1,000 BTC.

This divergence coincides with the Crypto Fear and Greed Index remaining in “fear” or “extreme fear” territory for roughly the past month, indicating that selling pressure from smaller investors may be driven by capitulation.

Meanwhile, wallets holding more than 10,000 BTC were aggressive buyers during bitcoin’s dip toward $80,000 in late November, though their pace of accumulation has eased in recent weeks. Even so, the cohort has not yet shifted into net selling — a pattern that dominated when bitcoin peaked above $100,000 earlier in the year.