$BTC According to a recent Glassnode report, the investment landscape for Bitcoin is undergoing a significant transformation. The on-chain analytics firm reveals that Bitcoin is now shifting from a phase of heavy accumulation to strong distribution. The key indicator, the Bitcoin Accumulation Trend Score, has plunged near zero, suggesting that both large players and retail investors are stepping back from the aggressive buying that once fueled dramatic rallies.
Historically, robust accumulation has driven Bitcoin to record highs, sparking exuberant market rallies. However, the current trend shows a noticeable change. As investors begin unloading positions, the market appears to be bracing for a period of consolidation—or even further decline. Bitcoin dipped below $77,000 earlier this week, but recent recovery efforts have pushed its price back to around $82,500, indicating some resilience amid the downturn.
This evolving sentiment urges caution. With the shift towards distribution signaling reduced demand, market participants should be vigilant as the price could continue to face headwinds. Only time will tell if this phase marks a temporary correction or a more extended period of market instability.
#TheBitcoinAct #Glassnode. #BTC走势分析 #BinanceAlphaAlert