Bitcoin Investors Show Renewed Accumulation Activity, Glassnode Reports
Recent analysis from Glassnode reveals a notable increase in Bitcoin accumulation.
The firm’s latest data shows that the “Accumulation Trend Score” has risen significantly, indicating that investors are adding to their Bitcoin holdings.
This score tracks whether Bitcoin wallets are growing, with a value near 1 suggesting active accumulation by major players or a significant number of smaller investors.
Recently, this metric has shown a strong uptick, especially among large wallets holding 10,000 BTC or more, which are often linked to institutional investors.
READ MORE:
Top U.S. Bank Backs BlackRock’s Bitcoin ETF, Drops Grayscale TrustThe recent positive shift in the score contrasts with previous periods of distribution observed after Bitcoin’s all-time high.
This trend suggests that large-scale investors are becoming more active in accumulating Bitcoin again, potentially signaling a bullish phase for the cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
No ETH, No Problem: How MetaMask Is Enabling Swaps Without ETH for Fees
Australia seeks public feedback on crypto tax reporting framework
Australia invites public feedback on crypto tax reporting framework
A total of 1.38 billion USDT flowed into CEX in the past 15 hours
Trending news
MoreCrypto prices
More
