Summary
- According to Glassnode, most Bitcoin holding wallets are choosing an accumulation strategy.
- Holders with less than 1 BTC have shifted to a small accumulation state, but those with 1-10 BTC are maintaining a net selling trend.
- It was revealed that holders with 100-1000 BTC and 1000-10,000 BTC have accumulation scores of 0.9 and 0.85, respectively.
Most Bitcoin (BTC) holding wallets are choosing an accumulation strategy.
On the 19th (local time), Glassnode stated on X (formerly Twitter) that "almost all wallets are showing Bitcoin accumulation," adding that "holders with less than 1 BTC have also shifted to a small accumulation state (0.55)." It further noted, "However, holders with 1-10 BTC are maintaining a net selling trend."
According to Glassnode data, holders with 100-1000 BTC and 1000-10,000 BTC are maintaining states of 0.9 and 0.85, respectively.
Meanwhile, the Bitcoin accumulation score is an indicator that shows how actively a specific wallet group is accumulating Bitcoin, with values ranging between 0 and 1. The closer to 1, the more aggressive the buying.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
