Bitcoin Price Briefly Hits $100K as Retail Investors Boost Accumulation

On-chain analytics firm Glassnode reports that retail investors have significantly increased their Bitcoin accumulation since mid-December 2024. Investors holding around one BTC are now buying at a rate of 10,627 BTC per day—72% more than last year’s daily average of 6,177 BTC. At current prices, this amounts to over $1.05 billion in Bitcoin accumulated daily.

Bitcoin’s price action has also responded to the latest U.S. non-farm payrolls report. The data revealed 143,000 new jobs in January, falling short of the 169,000 forecast. This marks the weakest employment growth since October 2024. Historically, weaker job reports shift investor sentiment, reducing interest in traditional safe-haven assets while making Bitcoin more attractive. Following the report’s release, BTC surged 3.6%, briefly reclaiming the $100,000 milestone. However, the rally was short-lived, as BTC retraced and is currently trading at $98,544.

The rapid accumulation by retail investors highlights growing confidence in Bitcoin despite market fluctuations. With increasing demand and macroeconomic uncertainty influencing investor behavior, BTC’s trajectory remains a focal point for traders and analysts.