Opinion: Signs of widespread Bitcoin accumulation indicate increased institutional confidence.

According to a Forbes report on February 16th, one of the most easily overlooked developments during the crypto market downturn is the widespread accumulation of Bitcoin. On-chain analysis shows that after a massive sell-off, almost all Bitcoin holders have resumed buying activity. Specifically, according to Glassnode data, for the first time since late 2025, there has been a general trend of sustained buying across various wallet sizes. Notably, data shows that wallets holding 10 to 100 Bitcoins were the most aggressive buyers, becoming major buyers again when prices fell back to around $60,000. As institutions continue to deploy on-chain solutions, develop and launch Bitcoin-related products (including more ETFs and ETF-like products), and provide more on-chain services overall, the demand base for Bitcoin and other crypto assets is broader than in previous downturns.