Bitcoin Accumulation Surges as RSI Hits Record Lows

Bitcoin's daily and two-week relative strength index hit their lowest-ever readings while accumulation climbed across several investor cohorts, a combination one analyst called the "best thesis" for buying BTC. MN Capital founder Michael van de Poppe noted the weak momentum readings and warned that panic-driven selling could continue even as they create rare buying opportunities.

Onchain metrics back part of that view. Glassnode's Accumulation Trend Score shows the strongest buying among smaller holders and select mid-sized investors, with wallets under 0.1 BTC scoring 0.78 and the 10–100 BTC group at 0.71. Over the past 60 days, addresses holding 1,000–10,000 BTC added 53,042 BTC, while 100–1,000 BTC and 10–100 BTC cohorts added 12,233 BTC and 1,283 BTC respectively.

Not all cohorts bought the dip: wallets holding more than 10,000 BTC reduced balances by 39,840 BTC during the same period, and groups holding 1–10 BTC also trimmed exposure.

bitcoin, rsi, accumulation, glassnode, accumulation trend, van de, onchain metrics, wallets, small holders, large holders