Glassnode Reports Increased Bitcoin Accumulation by Mega Whales

Glassnode's latest analysis indicates significant buying activity among large Bitcoin investors during the current price rally.

Key Insights on Accumulation Trend Score

The Accumulation Trend Score, an on-chain indicator, measures whether Bitcoin holders are buying or selling.
A score above 0.5 indicates accumulation by large investors or numerous small holders, with values closer to 1.0 signifying stronger buying behavior.
A score below 0.5 suggests distribution or lack of purchasing activity.
Currently, the cohort of investors holding over 10,000 BTC, termed "mega whales," has shifted from distribution to buying, with their score reaching 0.9.
In contrast, other market segments, such as those holding between 1,000 and 10,000 BTC ("whales"), show scores around 0.5, while smaller holders still distribute.
This trend mirrors behavior observed in December 2024 when mega whales began distributing before others.

Bitcoin recently surpassed $94,000 but has retraced to approximately $92,600.