Bitcoin is struggling to reclaim higher levels after several days of intense selling pressure and a brief dip below the critical $100,000 mark. The market is showing signs of exhaustion as bulls attempt to regain momentum, yet price continues to trade under key resistance zones. Sentiment has turned increasingly bearish, with fear beginning to creep into market behavior as traders question whether the recent move was the start of a deeper correction or a temporary shakeout.
Despite the growing pessimism, on-chain signals paint a far more constructive picture beneath the surface. According to data shared by analyst Darkfost, Bitcoin accumulator addresses — wallets that steadily acquire BTC without selling — are now storing coins at record pace. Over the last 30 days alone, these wallets have added more than 375,000 BTC, marking a new all-time high in accumulation activity.
This divergence between price weakness and large-scale accumulation suggests that long-horizon investors are treating the pullback as opportunity rather than threat. While short-term sentiment remains fragile, the behavior of strategic buyers adds a layer of confidence to Bitcoin’s long-term outlook, hinting that strong hands are positioning for future upside even as short-term traders panic. The coming days will test whether this underlying demand can stabilize price and eventually fuel a rebound.
Darkfost highlights that accumulation activity has intensified sharply, even as broader market demand cools. Just yesterday alone, accumulator addresses added more than 50,000 BTC — an extraordinary signal of conviction amid volatility. Over the past two months, this cohort has doubled its pace of accumulation, with the monthly average jumping from roughly 130,000 BTC to 262,000 BTC. Such acceleration during a period of price weakness underscores a powerful long-term bid absorbing supply.
Accumulator addresses follow strict criteria: they must have made at least two inbound transactions above a minimum BTC threshold and must have never sold a single coin. This wallet behavior aligns closely with long-term holders who operate independently of short-term sentiment trends, macro headlines, or intraday price movements. In other words, these are strategic participants positioning for future cycles — not traders reacting to fear.
Even as the market debates whether the recent drop marks the start of a deeper correction, this group continues accumulating without hesitation. These flows also coincide with increasing institutional exposure through spot Bitcoin ETFs, which likely amplifies long-duration demand. Together, the consistent accumulation behavior and ETF-driven structural bid reinforce Bitcoin’s long-term strength, even as short-term price action remains clouded by uncertainty and emotional selling.
Bitcoin’s weekly chart shows a decisive shift in sentiment as price continues to struggle below the $110,000 mark and recently dipped under $100,000. This sharp pullback comes after multiple failed attempts to break higher, reflecting weakened bullish momentum and increased profit-taking across the market.
Despite the drop, BTC remains above its 50-week moving average, which continues to act as a key dynamic support zone. As long as the weekly candle structure holds above this level, the broader uptrend remains technically intact. However, a clean breakdown below this support would open the door to deeper retracement levels near $95,000 and potentially $88,000 — areas where buyers previously stepped in aggressively.
Volume has increased during this sell-off, which suggests genuine liquidation and not just low-liquidity volatility. Yet, importantly, the volume spike is still smaller than the capitulation clusters seen during past cycle resets, hinting that this move may represent a shakeout rather than a full trend reversal.
Momentum indicators are cooling, and sentiment has clearly turned cautious. Still, long-term structure remains constructive while Bitcoin holds above major support. For now, BTC sits in a critical zone where bulls must defend trend structure to avoid a broader corrective phase.
Featured image from ChatGPT, chart from TradingView.com
