Bitcoin’s Accumulation Trend Score shows whales are net buyers since 10 May

What's new?

Bitcoin’s accumulation trend score went above .50 on 10 May, signaling the first net buying in recent weeks by the whale cohort.

Why is this relevant?

An Accumulation Trend Score closer to 1 indicates that, on aggregate, larger entities (or a big part of the network) are accumulating, and a value closer to 0 indicates they are distributing, or not accumulating.

What does the data tell us?

On-chain data signals that whales have recently resumed Bitcoin purchases after selling at $47,000 levels.

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