Glassnode: The Accumulation Trend of Bitcoin Whales Strengthens, Highlighting Increasing Divergence from Short-Term Holder Behavior

According to Data from Blockchain Analytics Platform Glassnode

According to data monitored by the blockchain analytics platform Glassnode, the rate at which large Bitcoin holders are accumulating Bitcoin has recently increased, showing a clear distinction from the behavior of short-term holders.

On Wednesday, Glassnode cited its “Accumulation Trend Scores by Holding Group” on the social platform X, indicating that scores closer to 1 represent a more evident sign of accumulation by the group, while scores near 0 indicate distribution or lack of accumulation. The institution noted that the accumulation trend of whales (holders with more than 10,000 Bitcoins) has continued to strengthen, now approaching 0.6, which is higher than last week.

Source: Glassnode

In contrast, the score for the group holding less than 1 Bitcoin has fallen below 0.2, indicating an intensification of distribution behavior. Analysts stated, “The behavioral divergence between large holders and small holders is becoming increasingly evident.”