Institutional Bitcoin Accumulation: Recent Data Indicates Renewed Buying Activity

In a shift from recent trends, data shows that institutional investors are once again accumulating Bitcoin after a period of selling.

Key Takeaways

Institutional investors have resumed buying Bitcoin after a phase of net selling.
Historically, Bitcoin prices have risen significantly following similar accumulation signals in the past.
Key treasury companies are now net buyers of Bitcoin, marking a shift in their purchasing behavior.
Bitcoin's price recently rose to around $93,800, breaking a stagnation trend.

Bitcoin

Institutional Buying Resurgence

As noted by Charles Edwards, the founder of Capriole Investments, recent on-chain data indicates that institutions have transitioned back to being net buyers of Bitcoin. The attached chart illustrates this trend among institutional investors over the past few years.

Bitcoin Institutional Buying

The chart indicates that institutional selling began in October when Bitcoin experienced a bearish turn after peaking at over $126,000. Following this, Bitcoin stabilized around December before moving into a growth phase this January. This shift indicates a potential return to institutional accumulation.

Edwards pointed out that the historical data shows a pattern: Bitcoin typically rises significantly after institutions switch to net buying. On average, Bitcoin appreciated by 109% after similar signals in the past. However, these outcomes have varied greatly—from a substantial 390% increase after the signal in 2020 to a 13% drop in 2024. The last occurrence of this buying signal was in early 2025, which led to a notable 41% price increase. It remains to be seen how the current situation will impact Bitcoin's price.

Treasury Companies Lead the Charge

One significant player in the current institutional buying landscape is treasury companies. As highlighted by Edwards in another social media post, these entities were net sellers of Bitcoin late last year.

Bitcoin Treasury Buying

The chart above tracks the 30-day rate of change in the Buy-Sell Ratio for Bitcoin treasuries, illustrating the balance of their cumulative USD buying against selling. Notably, this indicator has recently turned positive in 2026. Edwards remarked, “Bitcoin treasury companies just flipped to net buying again.”

Strategy, the largest corporate holder of Bitcoin treasures globally, continued its accumulation despite the bearish market conditions. However, their buying was insufficient to prevent the Buy-Sell Ratio from dipping into negative territory in November.

Recent Bitcoin Price Trends

Over the past few days, Bitcoin has moved away from stagnation, with its price climbing back to approximately $93,800.

Bitcoin Price Chart

The recent trend indicates a positive movement for Bitcoin, suggesting a potential rebound in investor confidence.