The on-chain analytics firm Glassnode has revealed in a report how the Bitcoin investors have seen a shift toward strong distirbution recently. Bitcoin Accumulation Trend Score Has Been At A Low Level Recently In its latest weekly report, Glassnode has talked about the latest trend in the Bitcoin Accumulation Trend Score. The “Accumulation Trend Score” is an indicator that tells us about the degree of accumulation that the BTC investors as a whole are participating in. Related Reading: XRP Faces Bearish MVRV Crossover—Price Plunge To Continue? The indicator calculates its value not just by looking at the balance changes that happened in investor wallets over the past month, but also by weighing said changes against the size of the holdings themselves. When the value of the metric is close to 1, it means the large investors (or a large number of small entities) are adding to their holdings. On the other hand, it being near 0 suggests the market is observing distribution, or simply, a lack of accumulation. Now, here is the chart shared by the analyt ..
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