So-called whale wallets accumulated about 53,000 coins in the past week, their biggest buying spree since November, after weeks of heavy selling. While large holders have stepped back in, the broader trend still points to caution. The stop-and-start behaviour among large holders has sharpened a familiar question hanging over the market: who, exactly, is left to power the next sustained rally? Many investors who bought bitcoin through newly launched exchange-traded funds are now sitting on losses, making them less inclined to add aggressively. “But we are still in the storm now.”The Glassnode data track clusters of bitcoin wallets rather than individual traders, and can include large private investors, custodial firms and institution-linked accounts.

Source: The Edge Markets February 11, 2026 03:08 UTC