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. Related Reading: Tron’s 374% Profit-Taking Spree Uncovered—Here’s Who Was Behind It 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 toward net accumulation. The closer the score is to 1.0, the stronger the buying. On the other hand, the metric being under the threshold suggests the investors are in a phase of distribution (or simply, that they aren’t accumulating). This behavior is the strongest at the zero mark. Now, here is the chart for the Accumulation Trend Score shared by Glassnode, showing the trend in the metric separately for the various holder groups: As displayed in the above graph, the Accumulation Trend Score has recently varied in value across these cohorts. Investors who hold between 1 to 10 BTC appear to be distributing, while those with 10 to 100 BTC are accumulating. Among the large holders, the trend leans more neutral, but the indicator still doesn’t show any clear uniformity. Members of the 1,000 to 10,000 coins group, popularly referred to as the whales, are currently tending toward accumulation, but those part of the 10,000+ cohort, the ‘mega whales,’ are showing slight distribution. According to the analytics firm, the Accumulation Trend Score of the network as a whole stands at 0.57. As such, it seems there is no majority behavior being followed by the traders at the moment. Related Reading: Chainlink Holders Set Record As 1-Yr MVRV Signals ‘Opportunity’ That said, while a unifying buying push hasn’t appeared alongside the latest price rally toward $108,000, there has still been an improvement that has occurred in the score. According to the analytics firm, the indicator dropped to a low of 0.25 earlier. It only remains to be seen, however, whether the Bitcoin investors would continue to move in this direction, or if indecision is here to stay for a while. BTC Price Bitcoin attempted to find a break above the $108,000 level earlier, but the asset has so far not been able to maintain a sustainable move, and its price has even seen rejection toward $107,100. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
On-chain data shows the large Bitcoin investors have continued to buy as the coin’s price has been approaching its all-time high (ATH). Bitcoin Investors With 10 to 10,000 BTC Have Expanded Holdings Recently In a new post on X, the on-chain analytics firm Santiment has talked about the latest trend in the supply held by Bitcoin’s key investors: those holding between between 10 and 10,000 BTC. Related Reading: Bitcoin Near ATH, But Still No Extreme Greed: Green Sign For Bull Run? At the current exchange rate, this range converts to $1 million at the lower end and $1 billion at the upper end. Thus, the only investors who would be able to qualify for it would be the ones with substantial holdings. Generally, the influence of any entity in the market goes up the more supply that they control, so the holders belonging to this range would hold an important place in the ecosystem. Collectively, these investors are popularly known as the sharks and whales. Now, here is the chart shared by the analytics firm, which shows the trend in the Supply Distribution for the sharks and whales, an indicator that tracks the combined supply held by members of these cohorts: As displayed in the above graph, the Bitcoin sharks and whales have seen their Supply Distribution go up recently, which suggests these large investors have been expanding their holdings. More specifically, the investors falling in the 10 to 10,000 BTC range have added around 83,100 tokens to their wallets over the past month. This accumulation hasn’t come in a constant manner, however, as these investors in fact reduced their supply for a period earlier in the month. This selling from the cohorts followed BTC’s recovery beyond $97,000, so it’s likely that the motive behind it was profit-taking. From the chart, it’s also visible that this selloff resulted in a pullback for the cryptocurrency. During the latest renewal of bullish momentum, the sharks and whales have again resumed their Bitcoin accumulation and have notably surpassed their holdings from the earlier peak. So far, the groups have shown no signs of profit-taking, which can naturally be a bullish sign for the rally’s sustainability. Related Reading: XRP Target Could Be $15 If This Pattern Is In Play, Analyst Says In the same chart, Santiment has also attached the data for the Supply Distribution of the investors carrying less than 0.1 BTC. Interestingly, these investors have been selling while the sharks and whales have gone through accumulation. This could be an indication that the shrimps believe the top could be in soon. Given the accumulation from the large investors, though, the analytics firm notes, “it may be a matter of time until Bitcoin’s coveted $110K all-time high level is breached, particularly after the U.S. & China tariff pause.” BTC Price At the time of writing, Bitcoin is trading around $103,800, up 11% in the last seven days. Featured image from Dall-E, Santiment.net, chart from TradingView.com
According to a recent CryptoQuant Quicktake post, Bitcoin (BTC) could be preparing for its next major move. Contributor Crypto Dan highlighted that BTC is currently forming an accumulation pattern similar to those observed in 2024 – patterns that were followed by significant rallies. Bitcoin Showing Signs Of Big Rally Bitcoin has surged over 13% in the past week, signaling renewed optimism in the digital assets market. This momentum comes amid easing global tariff-related tensions, which had previously created headwinds for risk-on assets. Alongside Bitcoin’s rise, the total cryptocurrency market capitalization has increased substantially – from approximately $2.5 trillion on April 8 to over $3.1 trillion at the time of writing. Related Reading: Bitcoin Surpasses Realized Price Of Recent Buyers — Rally Incoming Or Double Top? Adding to the positive sentiment is BTC’s evolving technical structure. In a recent analysis, CryptoQuant contributor outlined how BTC is forming an accumulation pattern that preceded major price rallies in 2024. The contributor shared the following chart, stating that BTC’s current movement appears to be mirroring that from January and October 2024. On both the instances, BTC entered a significant uptrend that was powered by a sharp increase in the activity of short-term holders. By “short-term holders,” the analyst refers to investors who typically hold BTC for one day to one week. In previous cycles, a sudden increase in activity from this group was followed by strong rallies – not only in BTC, but also across major altcoins. The analyst explained: Notably, this indicator has historically moved ahead of major price surges, making it a reliable signal of accumulation. If this trend continues in the short term, Bitcoin may be on track to break above $100K and enter a strong upward phase. Meanwhile, prominent crypto analyst Ali Martinez identified $97,530 as the next major resistance level. Martinez emphasized that surpassing this price point could clear the path for Bitcoin to reach new all-time highs (ATH). Despite The Momentum, Concerns Persist Despite growing optimism, not all indicators support an immediate breakout. Some analysts caution that Bitcoin still faces obstacles. Notably, the 30-day Demand Momentum remains in negative territory – suggesting that recent bullish sentiment may not be fully sustainable yet. Related Reading: Bitcoin Battles Key Resistance Level – Is A Breakdown Imminent? Additionally, on-chain metrics reveal that a truly parabolic move could take more time. CryptoQuant contributor Carmelo Aleman observed that while BTC reserves on exchanges continue to decline, indicating long-term holder confidence, there may not yet be enough pressure to trigger a full-blown supply shock. That said, one positive signal is a recent sharp rebound in Bitcoin’s Apparent Demand, which could indicate the early stages of a trend reversal. As of press time, Bitcoin is trading at $96,370, up 1.9% over the last 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and Tradingview.com
The Bitcoin market has shown high volatility in April, having produced similar levels of gains and losses over the past three weeks. Amidst the choppy price action, Bitcoin whales appear to be increasing their holdings, perhaps in anticipation of future price gains. Related Reading: Bitcoin Ready To Reclaim $90,000? BTC’s ‘Next Big Move’ Could Come Next Week Bitcoin Whales Add 53,600 BTC, Now Hold 68% Of Supply In an X post on April 18, prominent blockchain analytics firm Santiment has provided valuable insight on the recent behavior of the major Bitcoin stakeholders. Despite the BTC market still displaying significant levels of uncertainty, Santiment reports a strong confidence level among investors holding between 10 and 10,000 BTC. The analytics firm states that these key Bitcoin holders have accumulated 53,600 BTC from March 22, and now control 67.77% of Bitcoin in circulation. During the period of this accumulation spree, the BTC market has failed to establish a clear price direction with significant swings in either direction mediated by periods of tight consolidation. Notably, BTC dropped by 13% in early April, twice retesting the $74,000 support level before rebounding to reach a high of $88,000 on April 15. Since then, it has entered a consolidation phase, fluctuating within a range of $83,000 to $86,000. The ongoing accumulation trend among Bitcoin whales amid this price uncertainty signals growing market confidence, as major holders appear to be positioning for a potential rally. For retail traders, this behavior serves as a strong bullish indicator, suggesting that there is sufficient underlying demand to drive and sustain further price appreciation. Related Reading: Chainlink Price Continues To Hover Around $12.5 — Levels To Watch What Next For Bitcoin? Following the inauguration of US President Donald Trump in January, Bitcoin has fallen victim to the macroeconomic factors as new tariff policies have caused significant market panic among investors. Since hitting an all time high around $109,000 on January 20, the premier cryptocurrency slipped into market correction to trade as low as $74,000 on April 7 and 9. Notably, the premier cryptocurrency produced a price rebound from these market lows, as the US Government announced a 90-day new tariff pause. However, the ongoing consolidation that has lasted over the past week indicates the lack of a bullish market catalyst. Bitcoin enthusiasts will hope for positive developments, including a potential Federal Reserve rate cut following recent pressure from Trump. For multiple analysts, Bitcoin must cross the $91,000 resistance to validate any potential for a sustainable bullish uptrend. If this price gain occurs, the leading cryptocurrency is tipped for a return to its all-time high and perhaps new price discovery. At press time, Bitcoin continues to trade at $85,226, reflecting a price gain of 0.72% in the past day. Featured image from Pexels, chart from Tradingview
On-chain data shows the largest of Bitcoin investors have continued to buy recently. Here’s whether the other cohorts have followed in the footsteps of these titans or not. Mid-Sized Bitcoin Holders May Finally Be Showing A Shift In a new post on X, the on-chain analytics firm Glassnode has discussed about the how the Accumulation Trend Score has looked for the various cohorts in the Bitcoin market. The “Accumulation Trend Score” is an indicator that tells us about whether the Bitcoin investors are participating in buying or selling. The metric checks not only the balance changes happening in the wallets of the holders, but also the size of the holdings themselves. This means that the indicator puts a higher weightage on the changes taking place that involve the large investors. When the metric has a value greater than 0.5, it means the large addresses (or a large number of small entities) are participating in accumulation. The closer the metric gets to the 1 mark, the stronger this behavior becomes. Related Reading: This Bitcoin Bear Confirmation Is Yet To Appear, Glassnode Reveals On the other hand, the indictor being under 0.5 implies the holders are taking part in distribution, or simply not doing any accumulation. Here, the extreme point lies at the 0 level. In the context of the current topic, the Accumulation Trend Score of the entire sector isn’t of interest, but rather that of each investor cohort separately. There are different ways to classify holders, but the relevant one here is on the basis of wallet size. Below is the chart for the indicator shared by the analytics firm that shows how the behavior has changed for the Bitcoin holder groups over the past year. As is visible in the above graph, the Bitcoin Accumulation Trend Score took a bright red shade for all cohorts back in February, indicating market-wide strong distribution. Since this selloff, the indicator’s value has gone up for the various cohorts, implying a cooldown of selling pressure has occurred. This cooldown has varied across the groups, however, with one cohort in particular diverging far away from the rest: the 10,000+ BTC holders. Popularly, the investors carrying between 1,000 to 10,000 BTC are known a the whales, so these holders, who are even more humongous, could be termed the “mega whales.” From the chart, it’s apparent that this group took to buying in March and has since seen its accumulation deepen as the Bitcoin Accumulation Trend Score has reached a value of around 0.7. The rest of the market has also been easing up its distribution in this period, but none of them have moved into the accumulation territory yet. That said, the 10 to 100 BTC investors are close, with the score now sitting at 0.5 for them. “This suggests at a possible shift in sentiment from mid-sized holders,” notes Glassnode. Related Reading: Bitcoin Realized Cap Sets New Record, But Momentum Fades It now remains to be seen whether the trend of increase in the indicator would continue in the coming days and the rest of the Bitcoin cohorts would catch up with the mega whales or not. BTC Price Bitcoin has taken to sideways movement recently as its price is still trading around $84,500. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
On-chain data shows the Bitcoin whales have seen their population grow recently, despite the bearish action that the price has been facing. Bitcoin Whales Have Seen Notable Growth In Past Five Weeks According to data from the on-chain analytics firm Santiment, whale-sized Bitcoin wallets have recently climbed to their highest point since December of last year. The indicator of relevance here is the “Supply Distribution,” which tells us, among other things, the number of wallets that belong to a particular coin range. The metric’s value for the 1 to 10 coins range, for example, represents the number of investors or addresses who own between 1 and 10 tokens. Related Reading: Will Bitcoin Downtrend Continue? This Metric Suggests Yes In the context of the current topic, the range of interest is 1,000 to 10,000 coins. The investors of this size ($84.2 million to $842 million in USD terms) are popularly known as the whales. Due to the massive scale of their holdings, these investors can carry some degree of influence in the market. Naturally, each of them on their own may not be relevant for the cryptocurrency, but the group as a whole can be. The Supply Distribution helps track exactly this collective behavior. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin Supply Distribution for the 1,000 to 10,000 coins group over the last few months: As displayed in the above graph, the Bitcoin Supply Distribution for the whales observed a plummet alongside the December price peak, implying a large amount of these humongous investors exited the market. The same pattern was also witnessed during the January top, albeit at a much smaller scale. This would indicate that the selling from the whales once again obstructed the BTC rally. During most of February, the metric consolidated at its lows, but starting with the last week of the month, its value began to rise. The surge continued throughout March and today, there are 1,993 whale-sized addresses on the network, the highest level since the December top. Related Reading: XRP & These Altcoins Share The Same TA Fate—What’s Coming? From the chart, it’s visible that this growth in whale entities has come while Bitcoin has been struggling around its lows, a potential sign that big-money investors have been looking at the recent price levels as profitable entry points into the cryptocurrency. “There are many factors contributing to the polarizing crypto markets right now, but it can be taken as a slight sign of confidence that one of the most important key stakeholder tiers in cryptocurrency has grown by +2.6% in the past five weeks alone,” notes Santiment. It now remains to be seen whether this buying from the Bitcoin whales will pay off or not. BTC Price Bitcoin has continued its sideways movement recently as its price is still stuck around the $84,000 level. Feature image from Dall-E, Santiment.net, chart from TradingView.com
Bitcoin (BTC) continues to trade below the $85K level, fueling fears of further downside as the bearish trend remains intact. Bulls are losing momentum, failing to reclaim key resistance levels and hold lower demand zones, raising concerns about a potential continuation of the correction. Related Reading: 130,000 Ethereum Moved Off Exchanges – Bullish Signal? Macroeconomic uncertainty and volatility remain key drivers of price action, with erratic policy decisions from U.S. President Donald Trump adding to the turbulence in both crypto and traditional markets. The global trade war narrative and tightening monetary conditions continue to weigh heavily on risk assets, contributing to Bitcoin’s inability to sustain a meaningful recovery. However, there is a shift in market behavior that could indicate a turning point. Key metrics from Glassnode reveal that after three months of distribution, Accumulation Trend Scores hint at early signs of BTC accumulation. Historically, a transition from distribution to accumulation has often preceded a recovery phase, suggesting that investors might be stepping back in at these lower levels. The next few weeks will be crucial, as Bitcoin’s ability to hold support and attract fresh demand will determine whether the market is preparing for a rebound or a deeper correction. Bitcoin In Correction Mode – Accumulation Trends Hint At A Possible Shift Bitcoin has officially entered correction territory after losing the $100K mark, and the bearish trend was fully confirmed when BTC failed to hold above $90K. Since reaching its all-time high (ATH) of $109K in January, Bitcoin has dropped over 29%, and it appears this trend could continue as global macroeconomic conditions remain unfavorable. Related Reading: Solana Holds Bullish Pattern – Expert Sets $140 Target Trade war tensions between the United States and key global economies like Europe, China, and Canada continue to pressure financial markets, leading to uncertainty and risk-off sentiment. As these geopolitical issues intensify, both crypto and traditional markets remain highly volatile, struggling to find stability. However, not all indicators are bearish. Ali Martinez shared insights on X, revealing that the tide is turning for Bitcoin. After three months of distribution, the Accumulation Trend Scores model is hinting at early signs of BTC accumulation. Historically, these phases signal that large investors are re-entering the market, positioning themselves ahead of a potential recovery. This accumulation phase is a critical turning point that will determine whether Bitcoin sees a fast recovery above key supply levels or a long consolidation period before the next major move. The next few weeks will be decisive for BTC’s short-term outlook. $80K Retest on the Horizon? Bitcoin is currently trading at $83,000, caught in a tight consolidation as it struggles to break above $85K while maintaining support at $82K. This range-bound price action has left investors uncertain, with bulls attempting to reclaim higher levels and bears pressing for further downside. If bulls want to regain control, BTC must push above $89K, a key resistance level aligned with the 4-hour 200 moving average (MA). A successful breakout above $90K could confirm a recovery trend and open the door for further gains toward $95K and beyond. Related Reading: 640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation? However, if Bitcoin fails to break above $90K in the coming sessions, the risk of a deeper correction increases. Losing $82K could send BTC into a downward spiral, potentially retesting $80K or even lower levels. With market sentiment still fragile, the next major move will likely determine the short-term trajectory of Bitcoin’s price action. Featured image from Dall-E, chart from TradingView
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 analytics firm that shows the trend in the Bitcoin Accumulation Trend Score over the last couple of years: In the chart, the dark shades correspond to values related to accumulation, while the light ones to distribution. It’s apparent that the market was seeing the Accumulation Trend Score sitting at a very dark shade during the last couple of months of 2024, meaning that heavy accumulation was taking place This strong accumulation from the large entities was likely what fueled the price rally to new all-time highs (ATHs). A similar phase of buying was also seen during the first quarter of 2024 and the asset enjoyed a rally then as well. From the chart, it’s visible that this previous period of accumulation was followed by a phase of strong distribution. It would appear that a similar pattern has also emerged this time, as the Accumulation Trend Score has been flashing distribution values since January. Last year, the distribution phase kicked off a long period of consolidation for Bitcoin, but this time, the cryptocurrency has outright seen a significant decline. It’s possible that as long as the Accumulation Trend Score remains in this zone, the coin’s price will continue to suffer. While the Accumulation Trend Score is a useful indicator for gauging the trend being followed by the market as a whole, the metric can hide the granular details related to market behavior. Glassnode has shared another metric in the the report, that contains these details by looking at how much buying last occurred at particular cost basis levels. As the analytics firm has highlighted in the chart, the Bitcoin investors were buying the ‘dip’ when BTC first entered into this bearish phase, implying they still believed the bull run to be on. Related Reading: Bitcoin Bear Market Is Below This Level, Analyst Reveals During the latest crash, however, this hasn’t been the case, as these price levels still don’t host the cost basis of any significant part of the supply. BTC Price Bitcoin fell under $77,000 earlier in the week, but the asset has since been making some recovery as its price is now back at $82,500. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
This trading week proved rather turbulent for Bitcoin as the premier cryptocurrency fell to as low as $91,000 on Monday amid concerns of a potential trade war between the US and Canada, Mexico, and China. Though Bitcoin soon made a sharp recovery rising briefly above $102,000, the flagship cryptocurrency currently trades above $96,000 in what appears to be a range-bound market. Meanwhile, blockchain analytics firm Glassnode has provided valuable insights on Bitcoin investor behavior in the last few months. Related Reading: Bitcoin’s Exchange Reserves Plunge—Are We On The Brink Of A Rebound? Bitcoin Retail Investors Stacking 10,627 BTC Daily In a new X post, Glassnode dived into the recent activity of Bitcoin holders stating that retail investors i.e. address holding ≤1 BTC, are presently on an accumulation spree stretching to mid-December. Notably, these small investors are purchasing Bitcoin at an accelerated average rate of 10,627 BTC per day, which represents a 72% surge compared to last year’s daily average of 6,177 BTC. This aggressive buying by retail investors marks a stark contrast to their behavior in November where they opted to take profits as Bitcoin soared past $100,000. However, their renewed accumulation despite Bitcoin’s woes since December suggests a strong confidence in the asset’s long-term profitability. On the other end, Bitcoin whales i.e. investors holding over 1000 BTC, are offloading their assets at a rather unprecedented rate. Since November 24, these large investors have been moving Bitcoin to exchanges at an alarming average rate of 32,509 per day, suggesting a potential 9x increase in selling pressure compared to BTC’s yearly average. Generally, a large sell-off by market whales is a bearish signal indicating uncertainty about an asset’s future price. However, the Bitcoin community remains bullish as a significant portion of the offload by the market whales can be attributed to profit-taking rather than loss of confidence. Furthermore, the recent accumulation surge by retail investors has served as a key absorber of supply, mitigating potential drastic price declines. Albeit, as Bitcoin struggles to find some stability, retail investors must maintain their current demand level which is crucial in sustaining the asset’s bullish structure. Related Reading: BNB Price Poised to Rally—If It Can Overcome This Hurdle BTC Price Overview At press time, Bitcoin trades at $96,679 after a 0.84% decline in the past day. This negative performance underlines the asset’s form in the past week in which prices dipped by a cumulative 5.71%. Despite the price decline, trading volume has surged by 17.22%, signaling increased market activity and interest. Bitcoin’s price action indicates consolidation within the $95,000–$100,000 range, setting the stage for a potential breakout. To confirm an uptrend, market bulls must drive a rally beyond the critical $105,000 resistance level. Featured image from blockgeni, chart from Tradingview
On-chain data shows that Bitcoin shark-sized wallets have climbed to a new all-time high recently, a sign that could be bullish for BTC. Key Bitcoin Investors Have Been In Accumulation Mode Recently According to data from the on-chain analytics firm Santiment, the total number of sharks on the Bitcoin network has registered an increase recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the amount of BTC wallets that belong to a particular group. Addresses or investors are categorized into these cohorts based on the number of coins that they are carrying in their balance. For example, wallets holding 5 tokens are put into the 1 to 10 coins group. Related Reading: Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish? In the context of the current topic, the wallet range of interest is 100 to 1,000 BTC. At the current exchange rate, the lower end of the range converts to $10.5 million and the upper one to $105 million. Thus, the only addresses that would qualify for the cohort would be the ones belonging to the large traders. This group is popularly known as the sharks. The sharks are certainly not the largest entities on the network—that title belongs to the whales—but they are still influential due to their notable holdings. Below is the chart for the Bitcoin Supply Distribution shared by the analytics firm, which shows the data for these key investors over the last few months. As displayed in the graph, the Bitcoin Supply Distribution for the 100 to 1,000 coins group saw a sharp upwards trajectory during the last few weeks of 2024, implying a large amount of new shark-sized investors popped up on the network. The growth in the indicator has significantly slowed down this year, but it has nonetheless continued as the metric’s value has just set a new record of 15,777 addresses. Bitcoin has seen a pause in its bull run recently, so to see the sharks still be interested in buying the asset could naturally be a positive sign for things to come in the near future. The sharks haven’t been the only investors accumulating recently, as the analytics firm Glassnode has pointed out that the shrimps and crabs have also been seeing positive flows. The shrimps and crabs refer to the Bitcoin investors owning up to 1 and 10 BTC, respectively. As is apparent from the chart, these small entities have combined bought 25,600 BTC during the past month, which is equivalent to 1.9x the Monthly Issuance. Related Reading: Bitcoin Capital Inflows See Notable Slowdown, But Is This A Worry? The Monthly Issuance is the amount that miners have produced/mined over the last 30 days. Thus, it would appear that the retail investors have been absorbing almost twice as much supply as the miners have been minting. BTC Price Bitcoin has been moving sideways over the last few days as its price is still floating around the $105,100 level. Featured image from Dall-E, Santiment.net, Glassnode.com, chart from TradingView.com
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. Related Reading: Bitcoin Not Reached ‘Extreme Euphoria’ Phase Yet, Glassnode Reveals 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). Now, here is a chart that shows the trend in the Bitcoin Accumulation Trend Score over the past year: In the above graph, a dark blue/violet shade corresponds to high values of the Bitcoin Accumulation Trend Score, while an orange/red shade suggests values close to zero. From the chart, it’s apparent that the Bitcoin Accumulation Trend Score assumed a dark shade during the last couple of months of 2024, implying the whales were participating in heavy buying and helping fuel the run to the new all-time high. Towards the end of the year, accumulation from the investors started to drop and this year, the picture has completely turned upside down as the indicator has dropped to a low of 0.21. Glassnode has also shared the data for another version of the Accumulation Trend Score that breaks down the accumulation/distribution behaviors across the various BTC cohorts. As displayed in the graph, the largest investors in the sector, the “mega whales” holding more than 10,000 BTC, have interestingly been selling since September, with the distribution turning particularly heavy in the last couple of weeks. The rest of the cohorts were buying during the rally, but even they have taken to selling recently. The whales, holders who own between 1,000 and 10,000 BTC, are taking part in a particularly strong amount of selling right now. Related Reading: Crypto Liquidations Near $690 Million As Bitcoin, Ethereum Crash It’s possible that as long as the blue color doesn’t return to this chart, Bitcoin would be stuck in its current bearish trajectory. BTC Price At the time of writing, Bitcoin is trading around $93,900, down more than 3% in the past week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Bitcoin has seen significant selling pressure recently, following a strong push above the $100K mark. The flagship cryptocurrency briefly celebrated a major milestone before dropping sharply to a low of $92,500 within three days. This rapid decline has sparked concerns among investors and analysts about the sustainability of Bitcoin’s recent gains. Despite the dramatic price […]
On-chain data shows that big-money investors have been pouring into Bitcoin as large wallets have seen sharp growth in the past month and a half. Bitcoin Shark & Whale Wallets Have Gone Up By Almost 10% Recently According to data from the on-chain analytics firm Santiment, the Bitcoin addresses carrying at least 100 BTC have […]
MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.
On-chain data shows the Bitcoin whales have continued to purchase more even at the recent highs, a sign that could be optimistic for the rally. Bitcoin Large Holders Netflow Has Continued To See Positive Spikes Recently According to data from the market intelligence platform IntoTheBlock, the number of BTC whales has recently increased. The on-chain […]
The price of Bitcoin showed a highly positive reaction to Donald Trump’s emergence as the next US President, gaining by 9.62% in the past week according to data from CoinMarketCap. Amidst this price rally, Bitcoin established a new all-time high at $77,252 on November 8 but has since retraced by over 0.5%. Commenting on the asset’s potential next movements, analyst Ali Martinez postulates BTC may be set for significant corrections which may present opportunities for reaccumulation. Related Reading: Bitcoin Stock To Flow Model Shows Price Is Ready For Next Phase Transition Above $100,000 Bitcoin Likely To Fall To $69,000 – Here’s How In an X post on November 9, Martinez predicted that Bitcoin may finally record some significant price pullback, after days of bullish uptrend triggered by US election results and the Federal Reserve’s latest decision to initiate a 25 bps rate cut. Following the premier cryptocurrency’s descent from above $77,000, Martinez explains the price movement indicates a fall from a rising wedge which is a chart pattern that signals a potential reversal in an uptrend due to converging highs and lows. If this signal holds, the popular crypto analyst predicts Bitcoin could fall to around $73,900. Albeit, intense selling pressure could cause a further decline to $71,500, with $69,000 emerging as a strong support level in a worst-case scenario. Interestingly, Ali Martinez shares he has set buy orders at all these support regions as any potential price recorrection by Bitcoin presents a good opportunity for massive purchases at lower prices. This trading strategy emerges from the general belief that the Bitcoin bull season is still in its early phase despite significant price rallies in the past few weeks. Analysts continue to postulate a six-figure price target by the end of 2024, indicating potential for magnanimous price gains in the upcoming year. Related Reading: Analyst Reveals What The Gold Chart Says About The Possibility Of Bitcoin Price Reaching $100,000 BTC Leverage Ratio Hits 2-Year High In other news, data from analytics firm IntoTheBlock shows that the ratio of Bitcoin’s Open Interest to its market cap is 5.93%, which is the highest value of this metric since the FTX collapse in November 2022. This development indicates that traders are holding a high level of leveraged positions, which can result in drastic volatility levels upon any minute price changes, thus adding to the growing sentiment around an incoming price correction. At the time of writing, Bitcoin exchanges hands at $76,740 following a 0.70% decline in the past 24 hours. Meanwhile, the assets trading volume is down by 44.63% and valued at $31.87 billion. However, the maiden cryptocurrency continues to retain global headlines following its 27.76% price gain in the last month, resulting in a market cap value of $1.51 trillion. Featured image from Nairametrics, chart from Tradingview
The price of Bitcoin has turned in an impressive performance, forging successive all-time highs over the past week. Similarly, other large-cap assets, such as Ethereum, Solana, and Cardano, have been experiencing massive upside movement in the past few days. Interestingly, the latest on-chain observation suggests that the crypto market — particularly Bitcoin — may not be done just yet. This projection is as investors seem to be doubling down on their positions rather than selling off their assets for some short-term gains. Bitcoin Investors Continue To Load Their Bags Popular crypto pundit Ali Martinez took to the X platform to reveal that Bitcoin accumulation addresses have been witnessing significant inflows over the last few days. This on-chain revelation is based on the spike in CryptoQuant’s “Inflows to Accumulation Addresses” metric. Related Reading: Ethereum Jumps 10% As DeFi Sentiment Rebounds With Trump’s Victory Accumulation addresses can be defined as addresses, excluding miners’ and exchange addresses, that have zero outgoing transactions or at least haven’t spent their holdings over a period. Moreover, these addresses must have received at least two incoming transfers and hold more than 10 BTC. These Bitcoin addresses are usually controlled by major entities, including whales, institutional players, and so on. According to data from CryptoQuant, a whopping 57,800 BTC (equivalent to approximately $4.16 billion) has made its way to these accumulation addresses since November 3. As shown in the chart below, inflows into the Bitcoin accumulation addresses have been on the rise in recent weeks. Typically, this positive trend is a favorable sign for the price of BTC, which has been on a ride of its own in the past few days. The choice to “hodl” rather than sell for profit also indicates the increased faith in the long-term success of Bitcoin, implying that major investors expect the flagship cryptocurrency to keep rising. As of this writing, the Bitcoin price stands at around $76,550, reflecting a measly 1% increase in the past 24 hours. However, the market leader is up by more than 10% on the weekly timeframe. USDT Netflow On Exchanges Surpasses $2 Billion According to a recent Quicktake post on the CryptoQuant platform, there has been a significant inflow of the USDT stablecoin into centralized exchanges. On-chain data shows that the stablecoin’s net inflows have crossed $2 billion, its highest level since December 2022. Related Reading: Cardano Price Prediction: Analyst Sounds Alarm Of Break Through Key Resistance, Why A Rally Could Follow Higher stablecoin balances (which are often used as an indicator of increased liquidity) suggest a high amount of buying power for investors, leading to elevated investor demand. If this rising liquidity on exchanges is correlated with the growing accumulation, it could positively impact the Bitcoin price. Featured image from iStock, chart from TradingView
Bitcoin has faced a turbulent week, with price swings ranging from a local high of $69,500 to a low of $65,000, cooling off after weeks of bullish excitement. Now, BTC is consolidating just below the crucial $70,000 level, a price point seen as a key threshold for the next major move. Despite the price cooling, […]
Here’s what the historical pattern of an on-chain indicator suggests regarding whether the time to accumulate Bitcoin is over or not. Bitcoin 150-Day MA aSOPR Currently Has A Value Of 1.01 As pointed out by an analyst in a CryptoQuant Quicktake post, the 150-day moving average (MA) of the Bitcoin aSOPR has a value of just 1.01 right now. The “Adjusted Spent Output Profit Ratio” (aSOPR) here refers to an indicator that basically tells us about whether the BTC investors are selling their coins at a profit or loss. This metric works by going through the on-chain history of all tokens being sold/transferred to see what price they were transacted at prior to this. When this price for any coin is less than the current price at which they are now being sold, then that particular token’s sale could be assumed to be leading to profit realization. Related Reading: Analytics Firm Reveals Why Dogecoin & Apecoin Hit Tops Similarly, coins of the opposite type could be considered to be adding to the loss realization. The aSOPR combines such profits and losses being realized across the network, and calculates their ratio. The “adjusted” in this metric’s name comes from the fact that it filters out transactions of coins that were moved inside an hour of their last transaction. Transfers like these are generally of no consequence to the wider market, so it makes sense to take them out of the data. Now, here is a chart that shows the trend in the 150-day MA of the Bitcoin aSOPR over the last few years: As displayed in the above graph, the 150-day MA Bitcoin aSOPR has consistently remained above the 1 mark this year, which implies the investors as a whole have been realizing more profits than losses. Earlier in the year, the indicator had grown to a high of 1.04 as the investors had taken the profits of the rally. As the consolidation of the cryptocurrency has dragged on, though, the metric has declined, with its value now sitting at 1.01. In the chart, the quant has highlighted two zones that have historically been significant for the aSOPR. The first is the region under 0.98, where bottoms have historically occurred. At levels this low, the investors are participating in notable loss realization. Resolute hands pick up the coins from these capitulators, thus helping the price reach a point of turnaround. Related Reading: Bitcoin Profitability Index Hits 202%: Is This Enough For A Top? The other zone is the one above 1.08, where tops have formed in the past as a result of the aggressive profit-taking from the whales. So far, the current cycle hasn’t seen the Bitcoin aSOPR visit this territory. “Based on previous trends, accumulating Bitcoin until aSOPR reaches 1.04 could be a solid strategy for long-term gains,” says the analyst. “Timing the market by observing whale behavior may prove fruitful.” BTC Price Bitcoin had plunged to the $65,000 level yesterday, but the coin has already made recovery as its price is now floating around $67,100. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin nearly reached $69,000 yesterday, setting a new local high and further solidifying the ongoing uptrend that began in September. This price action has fueled optimism among analysts and investors, who now anticipate significant gains in the coming weeks. Investors believe Bitcoin is ready for a strong rally after seven months of sideways accumulation. Critical data from Santiment reveals that the number of Bitcoin whales—large holders of BTC—grew substantially just as the price bottomed out around $59,000 on October 10th. Related Reading: Solana Targets $160 Resistance As TVL Hits New Yearly Highs This increase in whale activity is often seen as a sign of “smart money” positioning for a major move. Large investors accumulating BTC during a low suggests that they are preparing for something big in the coming weeks. As excitement builds, market participants watch closely for further signals that Bitcoin could be headed for new all-time highs. With momentum on its side, Bitcoin appears ready to lead the market into the next phase of this cycle. Bitcoin Whale Activity Supports Bullish Outlook Bitcoin is trading near the historically reactive price level of $70,000. A critical zone that has consistently acted as resistance, pushing the price down five times over the past seven months. Each time Bitcoin approached this level, it triggered sell-offs or corrections, leading to caution among traders and investors. However, recent data from Santiment reveals that this resistance may be weakening due to increasing whale activity. Between October 10th and 13th, a net rise of +268 wallets holding between 100 to 1,000 BTC, signaling that large players are accumulating Bitcoin as the price rallies. Analysts often see an increase in whale wallets as a strong bullish indicator, suggesting that influential investors are positioning themselves for potential upside in the coming months. The timing of this accumulation is crucial, as it coincides with Bitcoin’s upward momentum, signaling that these big players expect further gains. As more large holders continue to enter the market, the window to buy Bitcoin at a favorable price narrows. Related Reading: Cardano Bullish Pattern Suggests A Breakout – Can ADA Reach $0.54? This accumulation suggests that whales are betting on a sustained bull run, potentially weakening the $70,000 resistance level and allowing Bitcoin to push higher. With Bitcoin trading near this critical price zone, the next few weeks could be decisive, either breaking through $70,000 or facing another correction. BTC Testing Supply Levels Bitcoin is trading at $68,383 after several days of consistent highs, steadily pushing toward new supply levels. The price recently halted at $68,998 and now appears primed for a challenge to new all-time highs. This surge has created a wave of optimism, but analysts caution that a healthy retrace may be on the horizon. The 200-day moving average (MA), currently sitting at $63,322, is a key level to watch. If Bitcoin retraces to this support zone, it could signal strength for a renewed push higher, as this level has historically acted as a strong support during uptrends. Holding above the 200-day MA is crucial for maintaining bullish momentum. Related Reading: Strong Buy Signal For DogWifHat (WIF) – Key Indicator Hints At Rally To $4 If Bitcoin fails to break above the $70,000 resistance in the coming week, a retrace to lower demand is expected. This pullback would allow the market to regain liquidity and reset for a potential new rally. Investors are closely watching as the price action in the next few days will determine Bitcoin’s long-term outlook. Featured image from Dall-E, chart from TradingView
Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish uptrend. Analysts and investors closely monitor the next steps, searching for signs of a continued rally or a potential retrace from higher supply levels. While the excitement is palpable, there is caution as traders prepare for possible resistance. Related Reading: Strong Buy Signal For DogWifHat (WIF) – Key Indicator Hints At Rally To $4 Top analyst Daan shared a technical analysis highlighting that Bitcoin has broken out of an accumulation channel, suppressing the price. According to Daan, this breakout above the $68,000 resistance level signals a potential for further upside as Bitcoin moves into uncharted territory. The next few days will determine whether BTC can maintain its momentum or will face a healthy pullback from these higher levels. With euphoria clashing with fear of a correction, investors are keen to see whether Bitcoin can continue its upward trajectory or if the market will see a pause in the rally. Bitcoin Break Out: New ATH Next? The crypto market is optimistic, as Bitcoin and most altcoins have surged from yearly lows to yearly highs in just a few weeks. Analysts are now speculating that this could be the start of something big—a rally that could propel prices to new highs and deliver massive gains to investors. Despite the excitement, there is also a lingering fear of an impending correction. Historically, Bitcoin has struggled to maintain momentum above supply near $70,000, often facing strong rejections that lead to sharp declines. However, top crypto analyst and investor Daan recently shared a technical analysis on X, explaining why this recent breakout might differ. According to Daan, Bitcoin has finally broken out of a 7-month accumulation pattern that had kept prices down, signaling a significant shift in market dynamics. Furthermore, BTC has managed to break well above the Daily 200 moving average (MA) and exponential moving average (EMA), key technical indicators that had previously caused resistance since the summer. Related Reading: Cardano Bullish Pattern Suggests A Breakout – Can ADA Reach $0.54? With the short-to-mid timeframe trend firmly up, Daan believes this bullish outlook may suggest that Bitcoin could avoid another rejection near $70,000. Instead, BTC might be gearing up for a powerful surge, with investors eyeing new all-time highs in the coming weeks. BTC Technical Analysis Since Monday, Bitcoin has tested a crucial supply zone following a strong 9% surge. The price is trading well above the Daily 200 moving average (MA) and exponential moving average (EMA), signaling strength and maintaining bullish momentum with no immediate signs of a retrace. This indicates buyers remain in control for now, with a potential push to break above the psychological $70,000 level. However, there’s still a risk that Bitcoin could fail to break and hold the $70,000 mark, which is critical for bulls to maintain upward momentum. A rejection at this level could signal a shift in market sentiment, potentially leading to profit-taking and consolidation. Historically, such moments of euphoria in the market often end with a discouraging move that cools down excitement, and a healthy retrace is possible. Related Reading: Bitcoin ETFs See $1.6B Inflows This Week – Is BTC Reaching A New ATH Soon? Should BTC experience a pullback, it’s likely to find strong support at the daily 200 MA around $63,304. This level has acted as a key indicator of support in previous uptrends. It could provide a solid foundation for the next leg up if the price corrects before resuming its bullish trajectory. Featured image from Dall-E, chart from TradingView
Bitcoin is experiencing significant volatility and uncertainty after falling below the $60,000 mark. This dip has sparked mixed reactions among investors. Some view it as a potential bear trap, indicating that the price may soon rally, while others fear that the market could be headed for a deeper correction. Despite the conflicting sentiments, critical data […]
Bitcoin has recently faced a 10% correction since last Friday, but it is now holding above a crucial support level that could pave the way for a price rally. Analysts and investors eagerly watch the market, hoping BTC will regain momentum. With the potential for increased demand on the horizon, many are sharing valuable insights […]
On-chain data shows the Coinbase exchange has just seen a massive Bitcoin outflow, a sign that some large-scale buying might be going on. Over 16,000 BTC Left The Coinbase Platform In The Past Day As pointed out by an analyst in a CryptoQuant Quicktake post, Coinbase has observed a huge outflow for the seventh time […]
On-chain data shows the Bitcoin shark cohort has participated in its largest accumulation spree over the past month since 2012. Bitcoin Sharks Have Purchased More Than 268,000 BTC In The Last Month As analyst James Van Straten explains in a new post on X, Bitcoin entities holding between 100 and 1,000 BTC have made some large […]