“Glassnode Data Shows All Wallet Cohorts Are Now Accuumulating, with Options Markets Prting in Potential Upside Beyond $ 200k in June.”, – WRITE: www.coindesk.com
have enlarged a strong accounting Phase Across All Wallet Cohorts for the FIRST TIME SINCE JANUARY, SIGNALING RENEWED BULLISH SENTIMENT AS The Largest Cryptocurrency Trades ABOVES ABOVES ABOVES
Glassnode’s Accuumulation Trend Score Has Reached It Maximum Value of 1.0, Indicating Broad-Based, Aggressive Accuumulation by Investors Irrespective of the AMULD. The Metric Evaluates of the Relative Strength of Buying by Different Wallet Sizes, Factoring in Both Their Existence Holdings and the Ant Acqui Over The Past 15 Days. IT Excludes Exchanges and Miners to Avoid Distortion.
The Latest Accumulation Wave Began in Early May, Led By Whales Holding Over 10,000 BTC. As the price Began to Climb, Cohorts with Smaller Holdings Followed, Intensifying Their Acumulation Behavior.
This Marks A Significant Shift from The January-To-April Period, WHEN MAST COHORTS WERE IN RESEARCHING Their Holdings as Bitcoin Tumbled from 75.000
Trend Accuumulation Score by Cohort (Glassnode)
The Renewed Demand Is Supported by Options Market Activity, with Coindesk Research Highlighting Large Bullish Positions. The $ 300,000 Strike for June Expiry Has Become The MOST POPULAR Call Option, with $ 620 Million in Nocial Value, and An Adrational $ 420 Million Is Contentrated Around the $ 200,000 Strike.
Open Interest by Strike Price (Deribit)
Whitcoin Historical Tends to Fall After Hitting An All-Time High Due to Profit-Taking, Traditional Assets Like The S&P 500 and Gold of FTEN EXTEND Their Rallies in Similar. If Bitcoin Were to Follow this More Mature Asset Behavior, It May Signal The Beginning of A Sustaned Bull Cycle, A Trend Many in the Market Are Now Watching Closely.
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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