Tracking on-chain #Bitcoin accumulation can be complex and nuanced to accurately analyse.
We are pleased to release the #Bitcoin Accumulation Trend Score, a metric designed to track when larger players or a large part of the market is accumulating.
The Accumulation Trend Score trades between values of 0 and 1 with the following interpretation:
1 = Whales and/or large parts of the market are accumulating.
0 = Macro distribution by the market.
This metric is calculated by combining wallet participation in different cohorts, with balance change to assess buy-side pressure.
Out methodology and example interpretation is available on Glassnode Academy.
See the Accumulation Trend Score on studio.
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