Headline: Synchronized Dip-Buying: Glassnode Shows Broad-Based Bitcoin Accumulation After Sharp Capitulation After one of the sharpest capitulation events in bitcoin’s recent history, on-chain data now points to a broad, synchronized shift into accumulation. Timeline and market behavior - At the start of February, bitcoin was trading around $80,000. Market dynamics were polarized: larger holders (“whales”) were quietly re-entering while many retail traders headed for the exits. - A week later, on Feb. 5, bitcoin plunged to $60,000. That drawdown—more than 50% from October’s all-time high—appears to have prompted buyers across the spectrum to re-evaluate value. What the on-chain data shows Glassnode’s Accumulation Trend Score by cohort highlights the change in behavior across wallet sizes. The metric measures relative accumulation strength by cohort over the past 15 days, weighting both entity size and the amount of BTC accumulated. Scores close to 1 indicate strong accumulation; scores near 0 signal distribution. - Aggregate reading: The cohort-based Accumulation Trend Score has climbed above 0.5 to 0.68—marking the first time broad-based accumulation has been observed since late November. (That prior accumulation phase coincided with bitcoin forming a local bottom near $80,000.) - Most active buyers: Wallets holding 10–100 BTC were the most aggressive dip buyers as prices fell toward $60,000. What this means The rise in the cohort score suggests the recent sell-off may be morphing into a more coordinated accumulation phase rather than isolated buying by a few large holders. While it’s still unclear whether the ultimate market bottom is in, the on-chain activity signals renewed buyer conviction as prices reset after a significant correction. What to watch next Sustained readings above 0.5 in the Accumulation Trend Score, or a widening of accumulation into other cohort sizes, would strengthen the case that a broader recovery is underway. Conversely, renewed distribution in subsequent readings would warn that the capitulation isn’t fully absorbed. Read more AI-generated news on: undefined/news

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