News Explorer — Bitcoin Holders are Accumulating New Coins, Glassnode Says

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Aug 14, 2:14 am

Decrypt

Bitcoin Holders are Accumulating New Coins, Glassnode Says

Glassnode reports that despite recent headwinds and market volatility, there are signs of users accumulating Bitcoin and building up their holdings. The Accumulation Trend Score, a metric that measures the gradual acquisition of assets, has reached its highest value in over a month, indicating significant activity. Long-term holders are also increasing their Bitcoin holdings, suggesting a shift towards holding rather than selling.

Glassnode reports that despite recent headwinds and market volatility, there are signs of users accumulating Bitcoin and building up their holdings. The Accumulation Trend Score, a metric that measures the gradual acquisition of assets, has reached its highest value in over a month, indicating significant activity. Long-term holders are also increasing their Bitcoin holdings, suggesting a shift towards holding rather than selling.

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