In the ever-changing landscape of cryptocurrency investment, the behavior of Bitcoin holders plays a significant role in determining market trends. Amid these shifts, industry leaders and seasoned market participants closely study on-chain data signals to gauge the market’s direction. A recent analysis by pioneering on-chain analytics firm Glassnode points towards a subtle shift in Bitcoin ownership patterns. Their distinctive "Accumulation Trend Score" provides insights into whether Bitcoin investors are in a phase of accumulation or distribution.

Bitcoin Accumulation Trend Score: Indicating Market Shifts

The Accumulation Trend Score is a potent tool that primarily evaluates the balance changes in investors’ wallets. Besides, it also balances these variations against the wallet’s size, assigning more influence to larger investors. It results in either accumulation, denoted by a value close to 1 or distribution, marked by a value nearing zero.

The chart displayed by Glassnode reflects the Bitcoin Accumulation Trend Score trend over the past year with dark and light shades representing accumulation and distribution, respectively. Interestingly, the metric demonstrated intense accumulation during the last two months of 2024, coinciding with a market rally. However, this year, the trend has shifted towards distibution, evident from the light shade corresponding to values close to zero.


The recent analysis reveals that the Accumulation Trend Score, although holding dominance in distribution, shows early signs of accumulation as it tips over the 0.1 mark. Furthermore, the firm points out that the large entities—or ‘whales’—have begun to absorb the Bitcoin supply, potentially marking a turning point towards accumulation.

As the Accumulation Trend Score primarily focuses on larger entities, it often overlooks the smaller investors’ behavior. Therefore, Glassnode has presented another version of the score to separately indicate the different trader cohorts’ value.


The graph reveals that the largest Bitcoin holders, those possessing more than 10,000 BTC, show a gradual shift towards buying. On the contrary, investors owning between 1,000 and 10,000 BTC continued aggressive distribution, a trend that smaller investors with less than 1 BTC also follow.

Bitcoin Price Projections

Given the market analysis, traders and investors alike observe with bated breath as Bitcoin’s price still hovers around the $84,000 mark after recent sharp fluctuations.


Frequently Asked Questions (FAQs)

What does the Accumulation Trend Score indicate?

The Accumulation Trend Score is an insightful metric by Glassnode that reveals whether Bitcoin investors are in an accumulation or distribution phase. A value close to 1 indicates accumulation, while a number near zero suggests distribution. The score primarily focuses on large investors, giving them more influence over the metric’s value.

What is the current trend in Bitcoin according to the Accumulation Trend Score?

According to recent reports by Glassnode, the Bitcoin Accumulation Trend Score has been indicating a shift towards accumulation. However, the trend is yet to gain a firm hold, with distribution still dominating. Analysts hint at a potential trend reversal, but only time will affirm this possibility.

How does the behavior of different Bitcoin holders impact the market?

The market behavior of different Bitcoin holders – classified as ‘whales’, ‘dolphins’, ‘fish’, and ‘shrimps’ – can significantly impact the market trends. ‘Whales’, or large investors, often have a higher influence on market trends. Their buying or selling behavior can induce price fluctuations and indicate potential market shifts.

To stay ahead in the volatile cryptocurrency market, using a reputed financial insights platform like Finances Zippy can provide real-time price predictions and expert-driven market trends. This comprehensive guide provides a deeper understanding of Bitcoin’s market dynamics, thus aiding informed decision-making.

At bitcoinist, our aim is to provide accurate, unbiased, and thoroughly researched content. Our experienced team of technology experts and seasoned editors diligently review each piece of content, ensuring its integrity, relevance, and value for our readers.