Synchronized accumulation Recent data from Glassn

Synchronized accumulation

Recent data from Glassnode confirmed that both large holders (>10K BTC) and small wallets (<1 BTC) have consistently accumulated Bitcoin over the past two weeks. 

This cross-cohort activity indicated synchronized dip-buying behavior amid price weakness. 

Historically, accumulation by these two segments often precedes a price bounce, as it reflected conviction from both experienced investors and new entrants. 

However, since this metric uses a 15-day smoothing window, it might lag short-term sentiment. Still, the renewed appetite across all levels suggests that investors are positioning for a potential rebound.

Bitcoin holds the $110K level

Bitcoin’s price continues to respect the ascending trendline, maintaining critical support above $110K. This level has held firmly despite short-term volatility, reinforcing the bullish structure. 

The RSI was 46 at press time, hovering just below neutral territory, which signaled room for upward recovery without signaling overbought conditions. 

As long as price action respects this trendline, the bullish outlook remains valid. 

If momentum continues to build, BTC may retest resistance levels around $118K to $122K in the near term.