Bitcoin Mega Whales Are Moving Opposite To Rest Of Market: Glassnode
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On-chain data from Glassnode shows the largest Bitcoin whales have been showing the opposite behavior to what other investors have been doing. Bitcoin Market Is Observing A Moderate Distribution Phase Currently According to data from the on-chain analytics firm Glassnode, the behavior of the largest BTC whales has once again deviated from the rest of the market. The relevant indicator here is the “Trend Accumulation Score,” which tells us whether Bitcoin investors are buying or selling. There are mainly two factors that the metric accounts for to find this score: the balance changes taking place in the holders’ wallets and
On-chain data shows all Bitcoin investor cohorts have pivoted to distribution recently, an indication that a shift in market mood has occurred. Bitcoin Accumulation Trend Score Has Turned Red For All Holders In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the…
On-chain data shows the size of the average Bitcoin whale has dropped to the lowest level since 2018, a sign that may be bearish for BTC’s price. Average Bitcoin Whale Is Holding Just 488 BTC Now In a new post on X, on-chain analytics firm Glassnode has discussed about the…
Leading cryptocurrency Bitcoin (BTC) continues to search for direction. After being rejected around $107,000 in the last bullish wave, Bitcoin continues to fluctuate between $100,000 and $105,000. However, analysis shows that whale wallet savings flows in the market are increasing rapidly. According to The Block, Bitcoin is trading sideways, but…