According to glassnode, Bitcoin accumulation remains strongest among whale addresses holding over 10,000 BTC, with their accumulation trend score near an all-time high of 0.95. Cohorts holding 1,000–10,000 BTC and 100–1,000 BTC are maintaining steady accumulation with scores between 0.8 and 0.9, suggesting institutional and large-scale investors are holding their positions. The 10–100 BTC holder group is showing signs of decreasing accumulation, trending down toward 0.6, indicating a potential shift in strategy among mid-sized holders. In contrast, smaller holders with 1–10 BTC and less than 1 BTC continue to show net distribution, with trend scores at 0.3 and 0.2 respectively. This top-down accumulation pattern provides traders with critical signals about market sentiment and potential support levels, especially as large holders maintain confidence (Source: glassnode, April 30, 2025).