“Glassnode’s Accuumulation Trend Score Shows Weakening Demand Across Every Cohort After Recent Highs”, – WRITE: www.coindesk.com
Accorging to glassnode data, all bitcoin
Wallet Cohorts Are Currently in Some form of Distribution. The Accuumation Trend Score
(ATS)
Broken Down by Wallet Cohort, HELPS MEASURE the RELATIVE STREEGTH of ACCUMULATION OR DISTRIBUCTION ACROSS Entity Sizes.
This Metric Evaluates Accumulation Strength by Considering Both the Size of the Entities and the Amount of Bitcoin Acquired Over the Past 15 Days.
- A Score Closer to 1 Indicates Acumulation.
- A Score Closer to 0 Indicates Distribution.
Exchanges, Mines, and Certain Other Entities Are Excluded from the Calculation.
AT Present, from Large Holders with More than 10,000 BTC to Small Wallets Holding Less than 1 BTC, All Cohorts Appear to Be in Distribution. This Marks A Sharp Reversal from Just Over A Week Ago, WHEN All Groups Were In Accuumulation Mode As Bitcoin Reached New All Time Highs Above $ 124.000.
The Current Phase of Distribution Reflects Profit Taking. Historically, Bitcoin Tends to Correct Shortly After Setting New Record Highs. The Aggregate Accuumulation Trend Score Has Printed 0.26, Remaining Below 0.5 for the Past Several Days.
Bitcoin has posted Four Consecutive Green MONHS from April Through July. However, August Is Often Characterized by Quieter Trading Activity and Reduced Volume. In Fact, The Last Three Augusts Each Saw Corrections in the Double-Digit Percentage Range.
In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin and Strategy (MSTR).
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Markets Demand a Higher Premium for UK Debt Compared to Us Treasury Notes.
- Uk’s Long-Term Borrowing Costs Exceed Those of the US for TheFIRST TIME IN OVER Two DECADES.
- The Widening Gap Reflects Growing Concerns About the UK’s Debt Dynamics and Inflation.
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