4 hours ago
3 
This metric, tracked by Glassnode, suggests that strong accumulation is underway, typically interpreted as a bullish signal.
As of April 29, Bitcoin was priced at $94,304, while the Accumulation Trend Score stood at 0.9137.
Historically, a score nearing 1 means that influential buyers—such as whales and institutional investors—are absorbing supply, often preceding price rallies.
Why It Matters
When a significant share of market participants begin accumulating, it signals growing confidence in Bitcoin’s long-term value. This can tighten supply on exchanges and set the stage for potential upward price movements.
The post Bitcoin Accumulation Trend Score Nears Peak, Signaling Strong Whale Activity appeared first on Coindoo.
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