In February 2026, bitcoin experienced a dramatic fall, dipping below $61,000 before rebounding. Glassnode data today reveals an unexpected phenomenon: a massive accumulation on the part of investors, all profiles combined. Why does this trend mark a turning point for the market?
In brief
- Glassnode's accumulation score hits 0.68, the highest level since November, signaling massive accumulation.
- Bitcoin's abrupt capitulation, with a drop to $61,000, was followed by a rapid rebound, revealing market maturity.
- The outlook suggests upside potential, with key resistances at $70,000 and forecasts at $150,000 for late 2026.
Bitcoin accumulation hits record high according to Glassnode
For the first time since the end of November, the bitcoin accumulation trend score has exceeded the threshold of 0.5 to reach 0.68! A massive level of investor accumulation which coincides with the stabilization of BTC around $80,000. This trend is particularly marked among portfolios holding between 10 and 100 BTC, which took advantage of the price fall towards $60,000 to strengthen their positions. This is the case of Binance and its 3,600 BTC purchased on February 6.
This phenomenon can be explained by a change in the behavior of investors who increasingly perceive bitcoin as a safe haven. And although the uncertainty of a prolonged decline persists in the market, this generalized accumulation suggests newfound confidence in the crypto queen. Glassnode data thus reveals an unprecedented dynamic, where all market players see this decline as a long-term purchasing opportunity.
The capitulation of BTC marks a historic turning point!
February 5, 2026 will go down in bitcoin history. Indeed, in just a few hours, the crypto queen fell by more than 15%, falling below the symbolic mark of $61,000! A level not seen since October 2024. This dizzying fall was triggered by a wave of record liquidations, with daily volume exceeding $143 billion.
The causes of this capitulation are multiple. In particular, regulatory uncertainties in the United States, geopolitical tensions, and a general derisking movement on risky assets. However, this crisis is different from previous ones. Unlike 2018 or 2022, where the capitulations were spread over several weeks, that of 2026 was brutal, but brief. Experts see this as a sign of market maturity, capable of rebounding more quickly.
What prospects for bitcoin after the accumulation phase?
In the short term, analysts anticipate a rebound towards $70,000, a major psychological resistance. If this level is crossed, bitcoin could begin a new bullish phase. In the medium term, the outlook is even more promising. Indeed, Bernstein predicts a major reversal by the end of 2026, with bitcoin potentially surpassing $150,000.
The February 2026 bitcoin capitulation marked a turning point, but Glassnode data proves that the market responded with unprecedented resilience. It remains to be seen whether 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 lull before a new storm?
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