On April 16, Glassnode posted on social media that Bitcoin’s Accumulation Trend Score is currently at 0.34, a new high for the year. This suggests that overall, wallets of all types are re-entering “hoarding mode”, and despite the recent weakness in prices, the larger group of wallets has begun to enter the market moderately.
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Glassnode: The Bitcoin Hoarding Trend Index hit a new high for the year, and wallets of all kinds are re-entering hoarding mode
On April 16, Glassnode posted on social media that Bitcoin’s Accumulation Trend Score is currently at 0.34, a new high for the year. This suggests that overall, wallets of all types are re-entering “hoarding mode”, and despite the recent weakness in prices, the larger group of wallets has begun to enter the market moderately.