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.

Current Bitcoin Price

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