Home » Bitcoin » Bitcoin Investors Show Renewed Accumulation Activity, Glassnode Reports

Bitcoin Investors Show Renewed Accumulation Activity, Glassnode Reports

16.08.2024 10:30 1 min. read Alexander Stefanov
SHARE: SHARES
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.

The 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.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Bitcoin News
No Comments yet!

Your Email address will not be published.