Bitcoin Wallets Are Stacking Again — From Whales to Retail, Accumulation Is Back

Key Insights

• Bitcoin holders are back in accumulation mode

• 1-10 BTC holders remain bearish as only net sellers

Bitcoin Accumulation Surges

Bitcoin is experiencing massive shift in investor behavior. Across the network, wallets of all sizes from, retailers, holders to seasoned whales are back in accumulation mode.

After months of mixed sentiment and distribution, on-chain data now shows nearly the entire wallet spectrum is leaning bullish, signaling growing confidence across the market.

Bitcoin accumulation trend by cohort from August 2024 to May 2025, indicating varying levels of buying activity among different Bitcoin holders in correlation with price movements.

According to Glassnode, accumulation trends have now become visible across nearly every cohort. Firstly, <1 BTC holders those often considered retail investors or newcomers have flipped from net selling to light accumulation, with a ratio of ~0.55.

Secondly, 100–1,000 BTC wallets typically mid-sized institutional players or funds are showing strong accumulation at ~0.90. Thirdly, 1,000–10,000 BTC wallets (true whales) are not far behind at ~0.85, reflecting substantial buying interest.

With almost all players accumulating, the only group still net selling is Wallets holding 1–10 BTC, likely representing swing traders or cautious mid-tier investors.

The shift in market dynamics signals a significant positioning as participants prepare for the next move.

Market implications

Arguably, accumulation is one of the most important leading indicators in crypto. When small wallets begin stacking sats again, it shows rising retail confidence a sign that new participants are entering or existing holders are doubling down.

Read also: Bitcoin supply held by LTH increase by 1.5M BTC

Additionally, When large wallets especially the 1K+ cohort are buying, it often signals a deeper conviction and expectations of long-term price growth. These players don’t move millions without a strong thesis behind it. The fact that both ends of the spectrum are accumulating suggests a coordinated market sentiment is forming even if price action hasn’t yet exploded.

Interestingly, the 1–10 BTC group remains cautious, perhaps still eyeing a pullback or profit-taking window. But if broader trends continue, even this cohort may soon join the rest in accumulation.

This behavior mirrors previous bull market phases, where initial accumulation quietly built up across cohorts, followed by rapid upward momentum once confidence became contagious.

What to Watch Next

Currently, the group to watch in the market is the cohort holding 1-10 Bitcoin. A flip from this group would complete the accumulation signal across the board.

In conclusion, from small wallets to whales, Bitcoin is being quietly scooped up again. These accumulation patterns don’t guarantee an immediate price explosion but they do point to rising confidence, reduced selling pressure, and a strong foundation for the next leg up. A continuation of the accumulation across the board will see Bitcoin rally to highly awaited levels of $110k.