Bitcoin Mega Whales Lead Accumulation During Price Rally
- The Accumulation Trend Score indicates strong buying behavior from large Bitcoin investors.
- Mega whales, holding over 10,000 BTC, have a near-perfect score of 0.9, showing significant accumulation.
- Whales with 1,000 to 10,000 BTC have recently increased their buying activity with a score of 0.7.
- Smaller holders (sharks) with 100 to 1,000 BTC have an Accumulation Trend Score of 0.5.
- Bitcoin’s price recently surpassed $94,000 but has pulled back to $92,600.
Mega whales are leading the Bitcoin accumulation trend with a high score of 0.9, while the overall market shows varied buying behaviors among different investor cohorts.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-whales-full-force-rally-glassnode-reveals/?rand=52377