#OnChainInsights Analyzing Bitcoin's on-chain data provides valuable insights into market dynamics and investor behavior. Here's a breakdown of the current trends:

1. Accumulation Trend Score

The Accumulation Trend Score reflects the activity of entities accumulating or distributing Bitcoin. A score closer to 1 indicates significant accumulation, while a score near 0 suggests distribution. Recent data shows that Bitcoin's Accumulation Trend Score has remained below 0.5 for 58 consecutive days, indicating a prolonged period of net distribution.

2. Whale Activity

Whales—addresses holding substantial amounts of Bitcoin—play a crucial role in market movements. Recent observations include: