Prices remain under pressure and the mood is so weak that one would think it is 2022 again, but for the first time in almost a year, Bitcoin (BTC) buys whales.

After months of distribution, as Bitcoin rose to a record high over $ 109,000, so-called whale drawing books that hold 10,000 BTC or more-meaningful when prices dip to just over $ 80,000, according to Glassnode data.

The last time whales bought so aggressively was in August 2024 with Bitcoin in $ 50,000- $ 60,000 series when the yen berry was relaxed.

Often considered “smart money”, whales tend to buy under deep corrections and sell to strength – a pattern that has played consistently in the last eight months.

Despite this renewed whale activity, wider market behavior remains Bearish, with Bitcoin at the moment, 25% dropped from its high time. Glassnode’s accumulation trend result, which tracks the construction of different walleting shoes over a 15-day window, shows that most other investor groups are still in distribution mode.

A score closer to 1 signals accumulation, while a score near 0 indicates distribution. With a total market result of only 0.15, selling pressure remains dominant. This suggests that although whales are starting to buy dip, the wider market mood continues to heal bearish, which potentially puts a further downward press press – at least in the short term.