NEWSLETTER
While <a target="_blank" href="https://x.com/glassnode/status/1896553470481838324″ target=”_blank” rel=”noopener nofollow”>bitcoinThe recent ascending movements were quite notable after fighting with the bearish pressure for weeks, the bullish tendency of the insignia asset was of short duration, which led to a setback to the threshold of $ 85,200. During fluctuating performance, investors seem to have lost interest in btc, since there were no signs of accumulation.
Accumulation tendency score at low levels
In an insightful investigation, Glassnode, a leading financial platform in the chain and the financial platform <a target="_blank" href="https://x.com/glassnode/status/1896553470481838324″ target=”_blank” rel=”noopener nofollow”>outlined A persistent trend in the current dynamics and feeling of the bitcoin market. As btc moves sideways, the platform highlights that the accumulation has remained significantly low.
After deepening the bitcoin accumulation trend score metric, Glassnode points to a positioning consisting below 0.5, indicating that large -scale accumulation between investors is relatively weak despite recent price fluctuations.
Specifically, this measure, which monitors the level of accumulation of bitcoin by several market actors, indicates that some investors continue to buy while the general trend indicates a decrease in accumulation activity.
The data show that the metric has remained below 0.5 for more than 58 consecutive days, marking a prolonged net distribution period. In addition, the current streak is approaching the average duration of the distribution periods in a period of one year, which indicates that it is still consistent with the previous patterns.
Glassnode pointed out that the average duration of <a target="_blank" href="https://www.newsbtc.com/bitcoin-news/bitcoin-market-performance-shows-signs-of-distribution-cycle-analyst-reveals/” target=”_blank” rel=”noopener nofollow”>distribution phases and the accumulation cycles in the last 1 year were 65 days and 57 days, respectively. In general, btc was in relative accumulation above 0.5 points for 170 days and in a relative distribution below 0.5 for approximately 196 days.
Meanwhile, periods of accumulation and distribution have alternated between 57 and 65 days. Since the most current reading is at 0.9, the trend score shows that large entities are still in a net distribution regime and has not yet been confirmed that they are moving to accumulation. With long -term whales and investors that show Less aggressive purchase pressurebitcoin's price could face a lower than low Key support levels.
Short -term btc holders in a fragile position
Short term btc The holders have also been taken to a precarious position as the price fluctuates. Before the sudden fall on Monday, btc briefly recovered its short -term cost cost base, but is currently quoted slightly below the level.
Meanwhile, Glassnode <a target="_blank" href="https://x.com/glassnode/status/1896525542352097362″ target=”_blank” rel=”noopener nofollow”>noted That bitcoin's Short -term owner market value to the value made (MVRV) It is at 0.00, reflecting a 1%paper decrease. This shows that Sths is still in a fragile position, since its profitability is close to balance.
The short -term holder of btc, SOPR, has witnessed a decrease during low prices yield. The metric fell significantly below its median quarterly last week. However, since then he has recovered to his superior deviation band, which could indicate the absorption of renewed demand and improve the feeling after a capitulation by the short -term holders.
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