Bitcoin Enters ‘Perfect Accumulation’ Phase Across All Tiers

• All major Bitcoin wallet cohorts are now in near-perfect accumulation mode, showing that more rally is ahead.
• Even wallets holding over 10,000 BTC are accumulating at levels last seen in December 2024, pointing to strong conviction in the uptrend.

Recent on-chain data shows that Bitcoin accumulation has returned across all wallet sizes. From small holders to major investors, buying activity is back to levels last seen in December 2024. The price remains steady above $100,000, and on-chain data indicate a rare consensus pattern across the board.

Whales and Retail Holders Move in Sync

It is worth noting that all major wallet groups on the Bitcoin network are now accumulating again, according to recent data from Glassnode.

Source: GlassnodeThis trend includes the largest wallets, which hold over 10,000 BTC and have re-entered strong buying territory. Institutional investors, such as the Japanese firm Metaplanet, acquired an additional 797 BTC for approximately $93.6 million.

It is also important to note that the behavior is not limited to whales. As described, wallets with less than 1 BTC to over 1,000 BTC are also adding to their holdings.

Meanwhile, the Glassnode heatmap, which covers activity from October 2024 through July 2025, shows a profound shift into accumulation. Red colors dominate the chart, replacing the blue tones that earlier signalled selling or inactivity. This is the most aligned buying pattern across cohorts in over six months.

As we noted earlier, the price of Bitcoin has remained firm during this period. The amount stayed between $105,000 and $123,000 in July. While that level has become a zone of consolidation, many see it as a staging point for a possible move toward $125,000.

As of writing, Bitcoin price was changing hands for $118,652, down 0.59% in 24 hours.

Market participants believe that everything that is happening is not a coincidence. Last week, reports indicated that a whale wallet from the Satoshi era transferred 80,000 BTC, worth approximately $4.8 billion, to Galaxy Digital. Still, despite the size of that move, market response has been stable, with no sharp decline. This points to strong buying support elsewhere in the market.

In related news, CNF reported that Satoshi Nakamoto’s estimated 1.1 million BTC are now worth $133 billion, placing him 11th on the Bloomberg Billionaires Index.

Bitcoin Holds Steady Despite Whale Transfer

Furthermore, transaction fees on the Bitcoin network have climbed, a sign of increased activity and demand. While some large holders have moved coins, accumulation remains the dominant trend. The chart shows that every group, from smaller holders to deep-pocketed investors, is building positions.

In addition, analysts noted that indicators like the MACD and CRSI are showing strength, but they also suggest short-term ups and downs are likely. Still, the overall view remains optimistic.

This phase marks one of the few times in recent years when retail wallets and large investors are moving in the same direction. With Bitcoin holding above $117,000 and accumulation signals flashing red across the board, the next few weeks could be key.

The duration of this trend may depend on whether Bitcoin can break the resistance at $120,000 or remain within its current range. For now, as mentioned in our previous news brief, traders eye $120,000 as the breakout point that could open the path toward $155,000.

Either way, the alignment across all wallet sizes is a strong signal that many in the market are betting on more upside.

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