A report from the on-chain analytics firm Glassnode has revealed that Bitcoin accumulation behavior is starting to return among the investors.
Bitcoin Accumulation Trend Score Has Surged To The 1 Mark Recently
In its latest weekly report, Glassnode has discussed about how the behavior among the Bitcoin investors has looked like recently. The on-chain metric of interest here is the “Accumulation Trend Score,” which basically tells us about whether the Bitcoin investors have been accumulating or not over the past month.
The indicator calculates its score by not only keeping track of the balance changes happening in the wallets of the holders, but also by taking into account for the size of their wallets, thus providing a higher weightage to the larger investors.
When the value of this metric is close to 1, it means the large entities on the network (or alternatively, a large amount of small holders) have been participating in accumulation.
On the other hand, it being nea
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