On-chain data shows large Bitcoin whales have finally started accumulating in the last 10 days as BTC has rallied strong.
Glassnode has talked about the four phases of Bitcoin accumulation and distribution during the past year in their latest report.
Latest data from Glassnode shows investors in the Bitcoin market have shown strong accumulation behavior recently.
Glassnode’s new Bitcoin indicator, the “accumulation trend score,” shows the market has leaned towards distribution recently.
Bitcoin holders are growing by the day.
Bitcoin on-chain data suggests accumulation is going on as investors feel FOMO about the current rally above $57k.
