“Mixed On-Chain Signals and Highlight Market Uncertainty.”, – WRITE: www.coindesk.com
is on Track to Record ITS Weakest Monthly Performance in a Year Amid A Puzzling Mix of Consistent Spot etf Inflows and Signs of On-Chein Selling by Whales and Small Wallets.
As of Writing, BTC Changed Hands at AT AUND $ 107,000, up Just 2% for the month, accounting to Coindesk Data. That’s the SMALLEST MONTHLY GAIN SINCE LAST JULY.
The Dour Price Action Appears Confunding As the US SPOT Exchange-Traded Funds (ETFS) have Continued to See Strong Uptake, Registering $ 3.9 Billion in Net Inflows in Consu. Besides, The Corporate Treasury Adoption Continues at Brisk Pace Globally.
Whale sellingHowever, on -chain Data Sourced from Glassnode, Particularly One Key Metric Called The Accuumulation Trend Score, WHICH BREAKS DOWN The Behavior of Different Wallet Cohorts, DOESNT COHORTS
The Metric Measures of the Relative Strength of Accuumulation for Each Cohort Based On the Size of the Entities and the Anti Btc Acquired Over the Last 15 Days. A Value Closer to 1 Suggests That Participants in that Cohort Are Accuumulating Coins, Whereas A Value Closer to 0 Signals Distribution. Entities Such as Exchanges and Miners Are Excluded from this Calculation.
Currently, Holders with Balances Between 10 and 10,000 BTC Are In Accuumulation Mode, Thought Their Behavior Fluctuates Between Buying and Selling, Indicating They More Ot. Selers. Conversely, Whales Holding 10,000 BTC or More Are Leaning Slightly Town Distributing their Holdings, While Smaller Holders Are Also Net Selers.
Consolidation PhaseBetween January and April 2025, All Cohorts Were Prelinantly Selling, But Accompumulation Resured on Bitcoin Bottomed in April Near The $ 76,000 Level. Now, The Asset Appears to have Enterned Another Consolidation Phase.
In it Latest “Week On-Chain” Report, Glassnode Suggests That Profit-Taking Activity Is Beginning To Slow. Realized Profits Have Reached $ 650 Billion in this Cycle Compared to $ 550 Billion During the Previos Cycle. Glassnode Attributes this Trend to a Market Cooldown, Further Emphasizing the Ongoing Consolidation Period.
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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