Bitcoin, It increased over $ 110,000 again and gained 18 %in the last month. In the midst of this rise, according to the data of Glassnode, the top -of -chain data analysis company, Bitcoin has entered the most powerful period of accumulation since January.
Bitcoin has exceeded $ 110,000: since January, it has entered the strongest period of accumulation
Glassnode’s Accumulation Trend Score is currently reaching the maximum level of 1.0. This means that all wallet groups accumulate BTC from large investors to small investors. This metric takes into account the purchases and existing balances made in the last 15 days; Stock exchanges and miners are excluded from the analysis.
In this wave of accumulation, which began in early May, the whales, which kept 10,000 BTC assets, pioneered. With the upward movement of the Bitcoin price, smaller wallets increased their accumulation by participating in this trend.
This new tendency represents a major change compared to the January-April period. At that time, most investors had to reduce BTC assets with the price decrease. As it will be recalled, Bitcoin declined from $ 109,000 to $ 75,000 in this process.
In addition to the accumulation tendency, the strong rise positions in the option markets support this increase. The Call option of $ 300,000 for the end of June maturity becomes the most popular option, while the total open position size at this level is $ 620 million. In addition, the $ 200,000 Call options draw attention to an additional position of $ 420 million.
Although Bitcoin usually experienced the price back of the price due to profit realization when it reaches the highest levels of all time in the past, experts focus on a different scenario this time.
Traditional assets such as S&P 500 and Gold tend to continue their rise after new peaks. The fact that Bitcoin exhibits a similar behavior may mean the beginning of a long -term bull market.
While this development is carefully monitored in the markets, analysts say that new peaks may be possible with high volatility in the coming weeks.
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/veri-analiz-firmasi-glassnodea-gore-yatirimcilar-agresif-sekilde-bitcoin-biriktirmeye-basladi-iste-detaylar/
