Bitcoin: Glassnode Data Reveals a Widespread Return to Accumulation
In February 2026, bitcoin experienced a spectacular drop, plunging below 61,000 dollars before bouncing back. Glassnode data reveals today an unexpected phenomenon: massive accumulation by investors of all profiles. Why does this trend mark a turning point for the market?
In brief
- Glassnode’s accumulation score reaches 0.68, a record level since November, signaling massive accumulation.
- Bitcoin’s brutal capitulation, with a drop to 61,000 $, was followed by a rapid rebound, revealing market maturity.
- The outlook suggests bullish potential, with key resistances at $70,000 and forecasts at $150,000 by the end of 2026.
Bitcoin accumulation reaches a record level according to Glassnode
For the first time since late November, bitcoin’s accumulation trend score surpassed the 0.5 threshold to reach 0.68! A massive level of investor accumulation that coincides with BTC stabilizing around 80,000 dollars. This trend is particularly marked among wallets holding between 10 and 100 BTC, which took advantage of the price drop towards 60,000 dollars to strengthen their positions. This is the case for Binance and its 3,600 BTC purchased on February 6.
This phenomenon is explained by a change in investor behavior who increasingly perceive bitcoin as a safe haven. And although uncertainty about a prolonged decline persists in the market, this widespread accumulation suggests renewed confidence in the crypto queen. Glassnode data thus reveals an unprecedented dynamic, where all market participants see this drop as a long-term buying opportunity.
BTC capitulation marks a historic turning point!
February 5, 2026 will be etched in bitcoin’s history. Indeed, in just a few hours, the crypto queen fell more than 15%, dropping below the symbolic threshold of 61,000 dollars! An unprecedented level since October 2024. This dizzying drop was triggered by a wave of record liquidations, with a daily volume exceeding 143 billion dollars.
The causes of this capitulation are multiple. Notably, regulatory uncertainties in the United States, geopolitical tensions, and a generalized derisking movement on risky assets. However, this crisis differs from previous ones. Unlike 2018 or 2022, where capitulations stretched over several weeks, that of 2026 was brutal but brief. Experts see it as a sign of market maturity, capable of rebounding more quickly.
What are the prospects for bitcoin after the accumulation phase ?
In the short term, analysts anticipate a rebound towards 70,000 dollars, a major psychological resistance. If this level is surpassed, bitcoin could enter a new bullish phase. In the medium term, the outlook is even more promising. Indeed, Bernstein forecasts a major turnaround by the end of 2026, with bitcoin potentially exceeding 150,000 dollars.
The bitcoin capitulation of February 2026 marked a turning point, but Glassnode data proves that the market reacted with unprecedented resilience. It remains to be seen if BTC will manage to overcome key resistances and confirm its status as a safe haven asset. In your opinion, is this accumulation a sign of a maturing market, or a calm before a new storm?
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.