Bitcoin Approaches $108,000 While Accumulation Trends Show Division Among Holders

Bitcoin approaches the $108,000 level, with on-chain data indicating mixed accumulation behaviors among investor cohorts.

Bitcoin Accumulation Trend Score Analysis

The Accumulation Trend Score assesses whether Bitcoin holders are accumulating or distributing based on wallet balance changes and sizes.
A score above 0.5 indicates net accumulation, while below suggests distribution.
The current score is 0.57, showing no clear majority behavior among traders.
Investors holding 1 to 10 BTC are distributing, while those with 10 to 100 BTC are accumulating.
Large holders are neutral; 'whales' (1,000 to 10,000 BTC) are accumulating, but 'mega whales' (10,000+ BTC) show slight distribution.
The score previously dropped to 0.25, indicating some improvement in accumulation recently.

Bitcoin has struggled to sustain movement above $108,000, currently trading around $107,100.

Bitcoin Price Chart