Latest news with #AccumulationTrendScore
Yahoo
29-05-2025
- Business
- Yahoo
Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates
Bitcoin BTC is currently consolidating between $107,000 and $109,000, remaining just a few percentage points shy of its all-time high. While this tight range may appear stable on the surface, on-chain data suggests a shift in sentiment among some of the market's most influential participants, the large holders known as whales. Glassnode's Accumulation Trend Score, a measure of accumulation behavior across various wallet-size cohorts, offers deeper insight into this evolving market dynamic. The metric evaluates the strength of purchasing by combining the size of wallet entities with the volume of bitcoin acquired over the past 15 days. For the largest holders, the value has dropped to 0.4. A reading closer to 1 indicates strong buying, whereas a level near 0 points to sales. Crucially, wallets associated with exchanges and miners are excluded from this analysis to provide a clearer picture of investor behavior. What stands out is that entities holding 10,000 BTC or more typically classified as whales were the first to begin accumulating at the market's April lows at around $75,000. Now, they are starting to reduce their holdings while the other wallet cohorts remain in accumulation mode. This pivot suggests a strategic shift, potentially driven by a desire to lock in profits near historic highs or a more cautious outlook on short-term price direction. Supporting evidence for this shift in behavior comes from exchange-flow data that shows whale wallets had been steadily withdrawing bitcoin over the past month, a bullish signal that implies they were not looking to sell their holdings in the short term. This trend now appears to be reversing. In two of the past three days, whales have deposited BTC back onto exchanges, a pattern commonly associated with imminent selling activity. This nuanced behavior raises the critical question: Are whales anticipating a local top?
Yahoo
29-05-2025
- Business
- Yahoo
Bitcoin Whales Seem to Be Calling a Top as BTC Price Consolidates
Bitcoin BTC is currently consolidating between $107,000 and $109,000, remaining just a few percentage points shy of its all-time high. While this tight range may appear stable on the surface, on-chain data suggests a shift in sentiment among some of the market's most influential participants, the large holders known as whales. Glassnode's Accumulation Trend Score, a measure of accumulation behavior across various wallet-size cohorts, offers deeper insight into this evolving market dynamic. The metric evaluates the strength of purchasing by combining the size of wallet entities with the volume of bitcoin acquired over the past 15 days. For the largest holders, the value has dropped to 0.4. A reading closer to 1 indicates strong buying, whereas a level near 0 points to sales. Crucially, wallets associated with exchanges and miners are excluded from this analysis to provide a clearer picture of investor behavior. What stands out is that entities holding 10,000 BTC or more typically classified as whales were the first to begin accumulating at the market's April lows at around $75,000. Now, they are starting to reduce their holdings while the other wallet cohorts remain in accumulation mode. This pivot suggests a strategic shift, potentially driven by a desire to lock in profits near historic highs or a more cautious outlook on short-term price direction. Supporting evidence for this shift in behavior comes from exchange-flow data that shows whale wallets had been steadily withdrawing bitcoin over the past month, a bullish signal that implies they were not looking to sell their holdings in the short term. This trend now appears to be reversing. In two of the past three days, whales have deposited BTC back onto exchanges, a pattern commonly associated with imminent selling activity. This nuanced behavior raises the critical question: Are whales anticipating a local top?
Yahoo
25-04-2025
- Business
- Yahoo
Bitcoin Whales Return in Force, Buy the BTC Price Rally, On-Chain Data Show
The price of bitcoin (BTC) price has recovered to $94,000 since hitting lows under $75,000 early this month. The surge is characterized by crypto whales, large investors with substantial capital, snapping up coins from the market, in activity seen as confirming the rally. The renewed demand from whales is evident in Glassnode's proprietary Accumulation Trend Score, which reflects the relative size of entities actively soaking up new coins on-chain. A score of 1 indicates that, on aggregate, the entities are accumulating, while a value close to zero suggests otherwise. As of Thursday, wallets holding over 10,000 BTC had an accumulation score of 0.90, and those with 1,000 BTC to 10,000 BTC scored 0.7. Smaller wallets were pivoting to accumulation with a trend score 0.5. "So far, large players have been buying into this rally," Glassnode noted on X. Meanwhile, data from CryptoQuant revealed the highest BTC outflow from centralized exchanges in two years when analyzed using the 100-day moving average. "A review of historical patterns suggests that this could imply re-accumulation of assets by investors," commentators at CryptoQuant said. Outflows from centralized exchanges are taken to represent investor preference for direct custody of their coins, a sign of long-term holding strategy. Sign in to access your portfolio
Yahoo
03-04-2025
- Business
- Yahoo
Whales Buy the Bitcoin Dip: First Meaningful Accumulation in 8 Months
Prices remain under pressure and sentiment is so weak one would think it's 2022 all over again, but for the first time in nearly a year, bitcoin (BTC) whales are buying. Following months of distribution as bitcoin surged to a record high above $109,000, so-called whales — wallets holding 10,000 BTC or more — are meaningfully accumulating as prices dip to just above $80,000, according to Glassnode data. The last time whales were buying so aggressively was in August 2024 with bitcoin in the $50,000-$60,000 range as the yen carry trade was unwinding. Often considered 'smart money,' whales tend to buy during deep corrections and sell into strength — a pattern that has played out consistently over the past eight months. Despite this renewed whale activity, broader market behavior remains bearish, with bitcoin currently down 25% from its all-time high. Glassnode's Accumulation Trend Score, which tracks the behavior of different wallet cohorts over a 15-day window, shows that most other investor groups are still in distribution mode. A score closer to 1 signals accumulation, while a score near 0 indicates distribution. With an overall market score of just 0.15, selling pressure remains dominant. This suggests that while whales are starting to buy the dip, broader market sentiment continues to lean bearish, potentially putting further downward pressure on price—at least in the short term. Sign in to access your portfolio
