Whale Activity Surges for First Time Since August, Bitcoin Price Hits $90K+

Bitcoin Whales Return to Buying as BTC Surges Above $90K

After months of selling, large bitcoin holders are resuming accumulation, signaling renewed confidence at key support levels.

Throughout 2025, particularly since August, whales and early BTC holders had been net sellers, taking advantage of prices above $100,000. That trend shifted following a 35% drop from October highs, with bitcoin bottoming near $80,000 and quickly rebounding above $90,000.

According to Glassnode’s Accumulation Trend Score, entities holding 10,000 BTC or more flipped to net accumulation over the past week, posting a strong score of 0.8. The 1,000–10,000 BTC cohort also turned positive for the first time since September.

Smaller holders have been buying steadily as well. The 100–1,000 BTC cohort has been aggressively accumulating since October, while retail holders with less than 1 BTC are showing their strongest accumulation since July.

The Accumulation Trend Score measures net buying by wallet size over the previous 15 days, excluding exchanges and miners. Scores near 1 indicate strong accumulation, while values near 0 signal distribution.

The data suggests the $80,000 region is being viewed as a key value zone. May’s support levels, including an $82,000 cost basis for U.S. spot bitcoin ETFs, reinforce the idea that buyers see this area as a fair entry point.