Recent on-chain data indicates that while most Bitcoin holders are engaged in distribution, a significant group is actively accumulating. Glassnode, an on-chain analytics firm, recently updated the Accumulation Trend Score, which assesses whether Bitcoin investors are accumulating or distributing based on wallet balance changes and wallet sizes. A score below 0.5 indicates distribution, while a score above suggests accumulation. Currently, the score leans towards distribution for most investors, particularly among those holding 1 to 10 coins, typically retail investors. In contrast, the 1,000 to 10,000 BTC holders, often referred to as whales, show a score nearing 1, indicating strong accumulation behavior. This stark difference highlights a divide in confidence between small and large holders. The future will reveal whether the whales' bullish stance will be beneficial or if the retail investors exiting now will prove to be wiser. As of now, Bitcoin remains at approximately $109,500, unchanged from the previous week. Read more AI-generated news on: https://app.chaingpt.org/news

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