According to the latest GlassNode data, it is clear that the number of wallets they keep between 0 and 1 BTC and the number of wallets holding over 10,000 BTC in the last 15 days has increased significantly. But there’s a catch before everyone gets excited and calls it the beginning of a synced bull run.
This metric, known as the “trend accumulation score,” does not track live behavior. It’s all smoothed over two weeks, so much of it is already history.
We can see actions launched during the pullback at the end of July, when Bitcoin fell from around $117,000 to around $110,000.
Ultra-large owners (>10k$btc) and retail investors (<1$$BTC) have accumulated on average over the past 15 days. This suggests the initial invasion during recent revisions. However, the signal is delayed, reflecting smooth operation on the window for 15 days. pic.twitter.com/axfvyjtwki
– GlassNode (@GlassNode) August 6, 2025
However, it is interesting that two very different types of owners (one group consisting of casual retail wallets and the other group consisting of players on the Ministry of Finance scale) responded to DIP in the same way. They did this consistently throughout the 15 days, as you can see from the dense red clusters of both groups.
What about the so-called “sharks”?
In the meantime, medium-sized wallets ranging from 1 btc to 100 btc seemed uncommitted. Exposures were adjusted in some cases, but other exposures were not altered. This kind of divisional behavior is not uncommon, but some people wonder about the strength of their beliefs.
When the middle sits and the edges tilt, it is usually a sign of uneven confidence.
Bitcoin is currently trading at just under $113,000, with prices still within a rather tight range. The dip was clearly purchased – that’s true. But it’s still speculation whether that energy will flow forward or if it will run out as the delay catches up.
