Only Bitcoin Whales Holding 10,000-Plus BTC Accumulated in January as Smaller Holders Sold

Whales holding at least 10,000 Bitcoin were the only net buyers during the recent price slide, with Glassnode's wallet cohort score indicating mild accumulation since prices dropped to $80,000 in late November, James Van Straten said on Feb. 3. Bitcoin oscillated between $80,000 and $97,000 through the end of January, while all smaller cohorts—especially those with under 10 coins—kept selling for more than a month, Glassnode data show. The analytics firm also recorded 1,303 entities holding at least 1,000 Bitcoin in October, up from 1,207, underscoring sustained accumulation by large investors, CoinDesk reported.