On-chain data shows the number of Bitcoin whales with 1k to 10k BTC in their wallets have been increasing lately, suggesting that investors have been accumulating the crypto.
As pointed out by an analyst in a CryptoQuant post, there seems to be accumulation going in the BTC market in recent days.
The relevant indicator here is the “UTXO Count Value Bands,” which basically tells us what percentage of Bitcoin wallets fall into which of the different value bands.
Here, the “value bands” refer to the number of coins held in the wallets. For example, the 100-1k BTC group includes all addresses that are holding between a hundred and a thousand coins.
The value band of importance in the current discussion is the 1k-10k group. Here is a chart that shows the trend in the UTXO Count for this value band over the past couple of years:
The value of the metric seems to have been on the rise during recent weeks Source: BTCUSD on TradingViewFeatured image from Jaunathan Gagnon on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Tags: bitcoinbitcoin accumulationBitcoin Bullish SignalBitcoin Whale AccumulationBitcoin whalesbtcbtcusd
NewsBTCRead More
Your day-ahead look for Feb. 11, 2026Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Michael Saylor, the outspoken Bitcoin (BTC) advocate and Strategy (previously MicroStrategy) co-founder, said on Tuesday…
What to Know: Bitcoin whales have added over $4.7B in $BTC, signaling deep conviction despite…
What to Know: Bitcoin’s rebound attempts are still flow-driven; recent US spot Bitcoin ETF data…
During an interview at Consensus Hong Kong 2026, Joseph Lubin argued that "blue chip" decentralized…
Bitcoin and ether extended declines, dragging down crypto-related stocks, even as gold and silver rallied.Read…