Glassnode: The Bitcoin accumulation trend index hits a new high for the year, various wallets are re-entering accumulation mode
Glassnode posted on social media that the Accumulation Trend Score for Bitcoin is currently at 0.34, setting a new high for the year. This indicates that overall, various wallets are re-entering "accumulation mode". Despite recent price weakness, larger wallet groups have begun to enter moderately.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Turkmenistan passes crypto asset regulation bill, to take effect on January 1 next year
CME: BrokerTec U.S. active markets have resumed trading
CME: All markets remain suspended except for the BrokerTec EU market
A major whale switched from short to long on BTC, with a position valued at $91 million.
Trending news
MoreCrypto prices
More
