Bitcoin Investors Shift to Strong Distribution as Demand Declines
- The Bitcoin Accumulation Trend Score has recently been low, indicating strong distribution.
- Dark shades on the chart show heavy accumulation in late 2024, leading to price rallies.
- Since January, the score indicates a shift toward distribution, causing a price decline.
- Bitcoin’s price fell below $77,000 but has since recovered to $82,500.
The recent low in the Bitcoin Accumulation Trend Score suggests a market shift towards distribution, contributing to a decline in Bitcoin’s price from earlier highs.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-investors-distribution-demand-glassnode/?rand=52377