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Glassnode, an on-chain analysis firm, has revealed what large Bitcoin investors bought during the current price rise.
The accumulation trend score suggests that Mega Whales are likely to be buying in large quantities.
It’s a brand new world post Glassnode, on X has talked about the changes in the Accumulation Trend Scoring for Bitcoin Investor Cohorts. The “Accumulation Trend ScoreThis is an indicator on the chain that tells us whether BTC holders are purchasing or selling.
This metric uses the changes in balances within the wallets to calculate its value. It also takes into account the actual size of wallets. The value of the indicator is influenced by large addresses.
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If the Accumulation Trend score is higher than 0, it indicates that large investors are actively participating in the accumulation. This behavior is stronger the closer this metric gets to 1.0.
A reading below 0.5 indicates that the investor is either distributing, or not buying at all. The zero marks the extreme on this scale.
The combined Accumulation Score for the Bitcoin market as a whole is not of importance in the current context. Instead, it’s the individual scores of different investor groups.
Two main methods are used to categorize holders: by holding time or balance size. The cohorts here are determined by the second categorization. The chart below, shared by an analytics company, shows the trends in Accumulation Scores for each group over the last year.
The graph above shows that the Bitcoin market has been distributed over the past few months. However, one group started to separate itself from the others last month. These are the holders of 10,000+ BTC.
The term “BTC Investors” is used to describe those who own between 1,000 and 10 000 BTC. whalesThe investors who have even greater size could be called “the mega whales.
The chart shows that, while the majority of investors continued to buy, the super whales who had already stopped buying began to purchase. Since then, they have only intensified their behaviour. The metric has now reached a nearly perfect score of 0.
Recently, the whales’ score also reached 0.7. It would seem that big investors have been buying Bitcoins during this latest rally.
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Sharks (between 100 and 1,000 BTC), the next group of investors, are the ones who have the best chance to catch up with whales. With an Accumulation trend score of 0.5, they come the closest. Investors on the small end continue to make distributions.
This current trend is similar to that of December 2024 when the Bitcoin super whales began participating in a strong distribution before the rest.
Bitcoin Price
Bitcoin’s price has dropped to $92,600 after it crossed the $94,000 mark.
Chart from TradingView.com. Image from Dall-E.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
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Source: www.newsbtc.com
