On-chain data shows all Bitcoin investor cohorts have pivoted to distribution recently, an indication that a shift in market mood has occurred. Bitcoin Accumulation Trend Score Has Turned Red For All Holders In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Accumulation Trend Score of Bitcoin for the various investor cohorts. The Accumulation Trend Score measures, as its name suggests, the degree of accumulation or distribution that BTC holders are participating in. Related Reading: 215% PENGU Rally Incoming? Analyst Says Token ‘Inches’ From Next Leg Up The indicator uses two factors to calculate the score: the balance changes happening in the wallets of the investors and the size of the wallets involved
source: https://www.newsbtc.com/bitcoin-news/bitcoin-on-chain-data-every-cohort-now-selling/