Bitcoin Accumulation Trend Score Falls to 0.21 as Selling Increases

Recent on-chain data indicates a decline in the Bitcoin Accumulation Trend Score, signaling increased selling among investors. The current score is 0.21, suggesting a phase of distribution rather than accumulation.

Key Insights

The Accumulation Trend Score measures investor behavior based on wallet balance changes and holdings size.
A score near 1 indicates net accumulation, while a score near 0 indicates distribution or lack of buying activity.
The score reached a high during late 2024, coinciding with significant buying that contributed to a recent all-time high.
Since September, major holders (mega whales with over 10,000 BTC) have been selling, with heavy distribution noted recently.
Other cohorts, including those holding between 1,000 and 10,000 BTC, are also engaged in selling.
If the trend remains low, Bitcoin may continue its bearish trajectory.

Current Price

Bitcoin is trading at approximately $93,900, reflecting a drop of over 3% in the past week.