According to Glassnode, Bitcoin whales bought approximately 40,000 BTC during the current market downturn, marking a sudden and unusually strong spike in accumulation.

The purchases occurred amid heightened volatility, extreme fear in sentiment indicators, and one of the largest liquidation waves of the year.

🐳 Sharp accumulation spike

• Large holders significantly increased net BTC inflows
• Buying activity accelerated as price weakness deepened
• The scale of purchases stands out compared to recent corrections

📊 COT-style signal

• Whales / smart money: aggressive buyers
• Retail participants: fear-driven selling
• This divergence has historically appeared near local or intermediate bottoms

Whales typically operate with:

• longer investment horizons
• higher conviction
• less sensitivity to short-term volatility

Historically, large whale accumulation during drawdowns has often preceded:

• market stabilization
• volatility compression
• powerful relief rallies or trend resumptions

However, accumulation does not imply an immediate reversal — price can remain unstable while distribution from weaker hands continues.

📉 Recent conditions include:

• BTC trading deep below key psychological levels
• record liquidation volumes
• sentiment indicators stuck in extreme fear

At the same time:

• on-chain metrics show absorption of sell pressure
• institutional-related activity remains elevated

This combination reflects a classic stress-transfer phase, where risk shifts from informed players to emotional ones.

Glassnode data confirms that Bitcoin whales aggressively bought the dip, adding roughly 40,000 BTC during the sell-off.

For traders and investors:

• 📊 watch whether accumulation continues
• ⚠️ expect elevated volatility
• 🎯 focus on positioning behavior rather than price noise

When fear peaks, smart money often acts first.