- Bitcoin’s accumulation trend score indicates larger holders are neither accumulating nor distributing.
- From September to November, BTC’s price surged from $50,000 to $95,000 before consolidating to nearly $97,000.
- Network-wide accumulation has declined as both institutional and retail participants reassess market conditions.
Bitcoin’s Accumulation Trend Score shows that larger market participants are not accumulating or actively distributing their holdings. This development raises attention across the crypto market as institutional behavior plays a key role in price dynamics. The metric, which tracks on-chain wallet activity, reveals limited accumulation by significant players or network participants.
Larger Entities Halt Accumulation
Data from the Accumulation Trend Score suggests larger Bitcoin holders are refraining from adding to their positions. This shift may signal caution amid recent market fluctuations. Entities holding substantial BTC amounts often influence broader market sentiment.
According to Ali Charts’ observation, Bitcoin’s price rose from $50,000 in early September to a peak above $95,000 in late November. Accumulation increased steadily during the uptrend, reflecting heightened market activity.
After November, the price consolidated between $90,000 and $97,000 with fluctuations in accumulation. By February 19, Bitcoin traded at $96,690.18, with a low accumulation trend score of 0.00347524.
Wallet activity linked to larger entities reflects reduced accumulation behavior. This trend marks a notable deviation from earlier periods of aggressive buying. Recent price volatility could be contributing to this restraint, as many investors assess risk levels.
Network-Wide Accumulation Declines
Beyond individual large holders, a broader segment of the network shows decreased accumulation activity. This network-wide reduction in buying interest may indicate an overall cautious sentiment in the current market environment.
On-chain data tells that the number of wallets stockpiling Bitcoin has declined, reflecting a possible reassessment of market conditions. This print aligns with a more conventional stance taken by both institutional and retail players.
The current accumulation trend highlights a significant shift in behavior among larger entities and the wider network. With diminished buying activity, Bitcoin’s short-term price trajectory may face added pressure.
