BlockBeats News, February 16th. According to Forbes, during a downturn in the crypto market, one of the most easily overlooked developments is that Bitcoin is showing widespread signs of accumulation. On-chain analysis shows that after experiencing large-scale sell-offs, almost all holder cohorts are exhibiting renewed buying behavior.
Specifically, based on Glassnode data, it is the first time since late 2025 that various wallet sizes are consistently accumulating. Of note, the data shows that wallets holding between 10 and 100 bitcoins showed the most aggressive buying, becoming the primary buyers again when the price dropped to around $60,000.
With institutions continuing to deploy on-chain solutions, develop and launch Bitcoin-related products (including more ETFs and ETF-like products), and overall provide more on-chain services, the demand base for Bitcoin and other crypto assets is broader than in previous downturns.
