Bitcoin, which was around $80,000 in the first days of February, dropped sharply to $60,000 in a short time, creating a big shock in the market. This process, in which small investors panicked and sold off their assets, was replaced by a strategic turnaround and a large-scale accumulation phase as of February 5. While the cryptocurrency world is facing a loss of more than 50% since its peak in October, the repurchase of different investor groups indicates that the balances in the market have changed.
Synchronized Accumulation Period in the Cryptocurrency Market
Data shared by Glassnode reveals that there has been a radical change in investor behavior following the selling pressure in the market. In the analyzes made through the “Accumulation Trend Score”, it is observed that investors with different wallet sizes meet on a common denominator. This score, which measures asset inflows and outflows over a 15-day period, exceeded the 0.5 limit and reached 0.68. This rise proves that investors see current price levels as an opportunity and the market is entering a collective recovery process.
This broad-based accumulation movement, seen for the first time since late November, displays a chart similar to the local bottom point that Bitcoin previously formed in the $ 80,000 band. The data flow shows that corporate and individual actors in the market have ended the distribution phase and started restocking. These moves, especially those following the sharp decline on February 5, are concrete indicators that the pessimistic atmosphere in the market is beginning to dissipate.
This recovery process is described as a confidence restoration operation that is not limited to just a group of investors but spreads throughout the market. Actors who maintain their composure even when the sales wave is most severe, pump fresh blood into the market by increasing the asset score. The struggle for prices to stabilize is reminiscent of the healthy upward trends that followed major capitulation events in the past.
Mid-Scale Investors Take to the Stage
The group that exhibited the most aggressive buying appetite in the market were wallet holders holding assets between 10 and 100 BTC. When prices reached the $60,000 mark, the determination displayed by these “middleweight” investors became one of the biggest barriers preventing the decline from deepening further. Painting a contrasting picture to the cautious stance of corporate giants and the panic atmosphere of small investors, this group clearly demonstrated its belief in Bitcoin’s value proposition.
Although it is difficult to make a definitive judgment on whether prices have reached their absolute bottom yet, it is a fact that investors have put Bitcoin back into the “cheap” and “valuable” category. While the serious meltdown experienced since the historical peak in October has pulled asset prices to a rational point, this situation fuels the appetite for accumulation. Market observers note that such synchronized moves are often a leading signal of a long-term recovery.
In this critical period when assets change hands, strategic buyers focusing on the future of the largest cryptocurrency continue to dominate the market. This phase of accumulation followed by hard capitulation reinforces that Bitcoin is seen as a serious store of value, not just a speculative tool. The evolution of all cohorts in the market in a similar direction prepares the ground for reducing the volatility of the coming period.
