Blockchain Data Analysis Platform glassnode Reports Return of Bitcoin Whales
Blockchain data analysis platform glassnode pointed out on social media platform X that Bitcoin whales have made a full return to the market, with large investors continuously buying in and participating in the recent upward trend. The institution referenced its “Accumulation Trend Scores by Holding Groups,” where a score closer to 1 indicates a more pronounced accumulation of Bitcoin by that group, while a score closer to 0 suggests they are distributing or not accumulating.
Source: glassnode
glassnode noted that the group of holders possessing over 10,000 Bitcoins exhibits nearly perfect accumulation behavior (with an accumulation trend score of approximately 0.9), followed closely by the group holding between 1,000 and 10,000 Bitcoins (with a trend accumulation score of about 0.7). Additionally, the group holding between 100 and 1,000 Bitcoins is also shifting towards Bitcoin accumulation (with a trend accumulation score of approximately 0.5).
