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Breaking News: XRP Outlook Slashed: Standard Chartered Lowers Forecast From $8 To $2

Bitcoin Accumulation Notably Weaker Than Nov 2025 Bounce: Glassnode

Keshav Verma
Keshav Verma
Last Updated: February 18, 2026 6:00 am
3 mins read
Bitcoin

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On-chain analytics firm Glassnode has highlighted how accumulation during the recent Bitcoin drop has looked weaker than some past crashes.

Bitcoin Accumulation Trend Score Doesn’t Indicate Strong Accumulation

In a new post on X, Glassnode has talked about the latest trend in the Accumulation Trend Score of Bitcoin. This indicator tracks whether the BTC investors are accumulating or distributing right now.

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The metric determines this by taking into account for two factors: the balance changes happening in the wallets of the holders and the size of the balances themselves. The latter factor means that larger entities have a higher weightage in the indicator.

When the value of the Accumulation Trend Score is greater than 0.5, it means the large holders (or a large number of small entities) are in a phase of accumulation. The closer is the metric to the 1.0 level, the stronger is this behavior.

On the other hand, the indicator being under the 0.5 mark suggests distribution is dominant on the network. The selling can be considered the strongest at a value of zero.

Now, here is the chart shared by Glassnode that shows the trend in the 7-day moving average (MA) of the Bitcoin Accumulation Trend Score over the last few years:

Bitcoin Accumulation Trend Score
Looks like the market has been participating in a slight amount of accumulation recently | Source: Glassnode on X

As displayed in the above graph, the Bitcoin Accumulation Trend Score took a yellow shade as the cryptocurrency’s January recovery rally topped out and a move downward followed. This suggests that the investors were distributing.

As the coin has stabilized above $65,000 recently, the indicator’s color has changed to a darker one, implying it has broken back above the 0.5 mark. While this is a sign that there has been some accumulation at the post-crash price levels, the degree of it hasn’t been too high.

From the chart, it’s apparent that this behavior is in contrast to how the market reacted to the November crash. Back then, the Accumulation Trend Score took a deep purple shade, indicating an aggressive amount of accumulation from the big-money hands.

The LUNA and FTX crashes from the 2022 bear market were also met with a similarly extreme accumulation behavior. It now remains to be seen whether the lack of demand this time around will mean that Bitcoin will take some time to settle into a low.

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In some other news, Glassnode has shared an update in an X post on how the major Bitcoin on-chain price models are looking.

Bitcoin Cost Basis Levels
The price of the coin seems to have plummeted below most of the levels | Source: Glassnode on X

As is visible in the graph, Bitcoin’s decline has meant that its price is now trading under all major on-chain pricing models except for the Realized Price, corresponding to the cost basis of the network participants as a whole. This level is currently located at $54,900.

BTC Price

Bitcoin has stagnated since its recovery from the $60,000 low as its price is still floating around the $68,000 level.

Bitcoin Price Chart
The trend in the price of the coin over the last month | Source: BTCUSDT on TradingView
Featured image from Dall-E, chart from TradingView.com
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Keshav Verma
Keshav Verma

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Read more

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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