Bitcoin distribution rate slows down, potential shift towards accumulation

Quick Take At the end of July, Bitcoin’s price surged to approximately $70,000. However, Glassnode data reveals that investor cohorts were capitalizing on this peak by selling off their holdings. Around 80,000 BTC were distributed during this period, marking the most significant distribution event since June 2021. This would include any distribution by the German […] source: https://cryptoslate.com/insights/bitcoin-distribution-rate-slows-down-potential-shift-towards-accumulation/