Bitcoin Accumulation Trend Score Stays Below 0.5 Amid Price Recovery, What Do...
While Bitcoin‘s recent upward movements were quite remarkable after struggling with bearish pressure for weeks, the flagship asset’s uptrend was short-lived, leading to a pullback to the $85,200 threshold. During the fluctuating performance, investors seem to have lost interest in BTC as there was no sign of accumulation. Accumulation Trend Score At Low Levels In […]
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On-chain data shows the Bitcoin Accumulation Trend Score has observed a decline recently, a sign that investor cohorts have taken to selling. Bitcoin Accumulation Trend Score Is Currently Sitting At 0.21 In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the Accumulation Trend Score has recently been looking for Bitcoin. The “Accumulation Trend Score” refers to an indicator that tells us about whether the Bitcoin investors are accumulating or not. Related Reading: Bitcoin Not Reached ‘Extreme Euphoria’ Phase Yet, Glassnode Reveals The....
The on-chain analytics firm Glassnode has revealed in a report how the Bitcoin investors have seen a shift toward strong distirbution recently. Bitcoin Accumulation Trend Score Has Been At A Low Level Recently In its latest weekly report, Glassnode has talked about the latest trend in the Bitcoin Accumulation Trend Score. The “Accumulation Trend Score” is an indicator that tells us about the degree of accumulation that the BTC investors as a whole are participating in. Related Reading: XRP Faces Bearish MVRV Crossover—Price Plunge To Continue? The indicator calculates its value....
On-chain data shows the largest of the Bitcoin whales have returned to distribution, a sign that could be bearish for the asset’s price. Bitcoin Investors With More Than 10,000 BTC Are Selling Again As explained by analyst James V. Straten in a new post on X, the BTC whales, who had earlier been in a phase of accumulation, have switched their behavior to that of distribution now. The relevant indicator here is the “Trend Accumulation Score” from Glassnode, which keeps track of whether Bitcoin investors have been buying or selling during the past month. This metric finds....
Glassnode’s new Bitcoin indicator, the “accumulation trend score,” shows the market has leaned towards distribution recently. Bitcoin Accumulation Trend Score Has Shown Values Of 0.2 To 0.5 Recently As per the latest weekly report from Glassnode, the latest addition to the on-chain market intelligence company’s indicators suggests the trend has been that of distribution in […]
The on-chain analytics firm Glassnode has revealed how the large Bitcoin investors have been buying during this price rally so far. Accumulation Trend Score Suggests Strong Buying From Mega Whales In a new post on X, Glassnode has discussed about how the Accumulation Trend Score has changed for the different Bitcoin investor cohorts recently. The “Accumulation Trend Score” refers to an on-chain indicator that basically tells us about whether the BTC holders are buying or selling. The metric calculates its value by not only making use of the balance changes happening in the....