Bitcoin Accumulation Trend Declines: Losses Reach $600 Million
Bitcoin (BTC) has fallen by nearly 7% from its local peak of $82,800. This is due to several groups of wallet holders shifting from accumulating assets to selling (distribution). According to Glassnode data, the rise in realized losses indicates a shift in market momentum. This is reported by Cointelegraph.com .
Although Bitcoin's annual absorption rate by exchanges is currently improving, large investors—"whales"—are losing their coins at historic rates. Due to inflows to exchanges, the absorption rate has risen from -100% in April to -75%. A similar situation observed in January led to a 38% drop in the BTC price.
Among large entities holding over 1,000 BTC, the accumulation rate has dropped to -151%, the lowest in Bitcoin history. This indicates a shift in sentiment among institutional investors and outflows from spot Bitcoin ETFs.
As the price dropped to $76,000, investors moved into a risk-off mode. The Accumulation Trend Score (ATS) approaching zero confirms that "whales" are selling Bitcoin or have stopped buying new assets.
