On-chain data shows the Bitcoin Accumulation Trend Score has observed a decline recently, a sign that investor cohorts have taken to selling.
Bitcoin Accumulation Trend Score Is Currently Sitting At 0.21
In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the Accumulation Trend Score has recently been looking for Bitcoin. The “Accumulation Trend Score” refers to an indicator that tells us about whether the Bitcoin investors are accumulating or not.
The indicator calculates its value not just by taking into account for the balance changes happening in the wallets of the investors, but also by weighing the changes against the size of the holdings themselves.
When the value of this metric is close to 1, it means the large entities on the network (or a large number of small addresses) are participating in net accumulation. On the other hand, it being near 0 implies the investors are in a phase of distribution (or they are simply not buying
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