“Glassnode Data Shows Significant Accuumulation by Entities Holding Over 10,000 BTC.”, – WRITE: www.coindesk.com
The Renewed Demand From Whales Is Evident in Glassnode’s Propriotary Accuumulation Trend Score, WHICH REFLECTS The RELATIVE SIZE OF ENTITIES ACTIVELY ACTIVELY SOOKING UP NEW CHOINS. A Score of 1 Indicates That, On Aggregate, The Entities Are Accuumulating, While a Value Close to Zero Suggests OtherWise.
As of Thursday, Wallets Holding Over 10,000 BTC HAD An Accuumulation Score of 0.90, and TOSE wa 1,000 BTC to 10,000 BTC Scored 0.7. Smaller Wallets Were Pivoting to Accuumulation with a Trend Score 0.5.
“SO FAR, LARGE PLAYERS HAVE BEEN BUYING INTO This Rally,” Glassnode Noted On X.
BTC HOLDERS ‘ACCUMULATION Trend Score by Holding Size. (Glassnode)
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 hisistical patterns suggests that this could impr-obscumulation 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.
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