Glassnode: Bitcoin Market Behavior Has Now Returned To Strong Accumulation

Glassnode: Bitcoin Market Behavior Has Now Returned To Strong Accumulation

Latest data from Glassnode shows investors in the Bitcoin market have shown strong accumulation behavior recently. Bitcoin Holders Show Strong Accumulation For First Time In Months As per the latest weekly report from Glassnode, the BTC accumulation trend score has shown a value of more than 0.9 in the past couple of weeks. The “accumulation […]


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Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Rev...

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....

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Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K

Glassnode data reveals that investors with a long-term risk outlook have started accumulating Bitcoin during its recent downtrend. Bitcoin (BTC)  price remained relatively flat over the weekend, inching closer to $34,000 on July 11. Nevertheless, BTC/USD has tumbled by almost 50% from its all-time high, near $65,000 in mid-April. But the massive downside move has not deterred investors from betting on the digital asset's long-term bullish outlook.According to one of the Glassnode metrics, dubbed as Liveliness, the Bitcoin market has been noticing a shift in long-term investors' "macro....

Retail Investors Boost Bitcoin Accumulation By 72% Amid Intense Whale Selling...

This trading week proved rather turbulent for Bitcoin as the premier cryptocurrency fell to as low as $91,000 on Monday amid concerns of a potential trade war between the US and Canada, Mexico, and China. Though Bitcoin soon made a sharp recovery rising briefly above $102,000, the flagship cryptocurrency currently trades above $96,000 in what appears to be a range-bound market. Meanwhile, blockchain analytics firm Glassnode has provided valuable insights on Bitcoin investor behavior in the last few months. Related Reading: Bitcoin’s Exchange Reserves Plunge—Are We On The Brink Of A....