As Bitcoin pushes back toward the $108,000 level, on-chain data reveals the investor cohorts are still divided in their accumulation behavior.
Bitcoin Accumulation Trend Score Shows Mixed Behavior From Holders
In a new post on X, the on-chain analytics firm Glassnode has talked about how the BTC investor cohorts aren’t showing a unified behavior on the Accumulation Trend Score. The Accumulation Trend Score refers to an indicator that basically tells us whether Bitcoin holders are accumulating or not. The metric bases its value on two factors: the balance changes happening in the wallets of the investors and the size of those wallets.
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When the value of the indicator is greater than 0.5, it means the large holders (or a large number of small hands) are leaning
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