Large Entities Drove Bitcoin Accumulation During November-December, Glassnode Reports

Key Insights from Glassnode on Bitcoin Accumulation:

Large entities, particularly those holding 10,000+ BTC (referred to as "mega whales"), significantly accumulated Bitcoin during the November-December bottoming phase.
The Bitcoin Accumulation Trend Score indicated values close to 1.0 for these mega whales, reflecting strong accumulation behavior.
Whales with holdings between 1,000 to 10,000 BTC began accumulating later in December and have continued net buying. Mega whales shifted to a neutral stance mid-December.
Smaller investors, holding less than 1,000 BTC, exhibited distribution, especially the 1 to 10 coins group, which showed intense selling activity.
This divergence is partly due to exchange-related wallet movements and large holders capitalizing on lower prices.

Bitcoin Price: The price has been declining since the week started, now around $88,900.