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Shifting distribution trends among bitcoin ‘whale’ holders

by CoinNews

Quick Take

Examining Bitcoin, from a cohort perspective, currently bears a striking resemblance to the period following the SVB collapse back in March. The accumulation and distribution pattern among different groups of Bitcoin holders seems to be repeating itself.

For the past few weeks, ‘whale’ holders – those with 10,000 Bitcoins or more – have been engaged in the distribution process. In contrast, most other cohorts are beginning to show signs of accumulation after prolonged heavy distribution.

Notably, the lower cohorts holding between 1,000 and 10,000 Bitcoins demonstrate a return to aggressive accumulation. This is the first occurrence of such a trend since the SVB collapse.

Given these patterns, the market dynamic seems to be tilting toward sideways accumulation as we enter the summer holiday season. This development introduces an exciting dynamic for Bitcoin holders and potential investors alike.

Accumulation Trend Score: (Source: Glassnode)
Accumulation Trend Score: (Source: Glassnode)

The post Shifting distribution trends among bitcoin ‘whale’ holders appeared first on CryptoSlate.

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