Share this article
Accumulation Trends Strengthen as Bitcoin Breaks Through $120K
Wallet cohorts shift from distribution to accumulation as U.S. investors show renewed bullishness.
Oct 3, 2025, 9:46 a.m.
What to know:
- The aggregate Accumulation Trend Score climbed to 0.62, its first sustained reading above 0.5 since August, reinforcing that demand is again outweighing supply.
- Mid-sized wallets (10–1,000 BTC) are firmly in accumulation mode and retail traders are gradually joining in while whales remain the main source of selling pressure.
- Bitcoin gained roughly 8% during U.S. market hours this week, underscoring renewed bullish sentiment from American participants.
Bitcoin has risen 10% this week as several groups of wallet holders switch from distribution to accumulation for the first time since August. The largest cryptocurrency rose above $121,000 on Thursday, the highest since it hit a record on Aug. 14, CoinDesk data shows.
The Accumulation Trend Score, which measures the relative strength of accumulation or distribution over a 15-day period, has increased to 0.62, according to Glassnode data.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
This value is above the neutral threshold of 0.5, signaling that on aggregate, market participants are looking to buy rather than sell. A reading closer to 1 indicates stronger accumulation, while a reading closer to 0 suggests distribution.
Broken down by cohort, wallets holding between 100 and 1,000 BTC have swung sharply into accumulation after distributing coins just last week. Those holding between 10 and 100 BTC are also beginning to accumulate again. Retail participants, who hold less than 10 BTC, have considerably slowed their selling and are beginning to show signs of buying activity.
On the other hand, large whales with balances above 10,000 BTC remain heavily into distribution, extending a trend that has persisted since August.
Alongside these shifts in wallet behavior, a notable bullish trading pattern has emerged in U.S. markets. From Monday through Thursday, bitcoin has consistently gained during U.S. trading hours, rising about 8% during these sessions alone, according to Velo data.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
