Bitcoin Whales Have Been Buying the $BTC Dip Amid Accumulation Trend, On-Chain Data Shows

Bitcoin Whales Have Been Buying the $BTC Dip Amid Accumulation Trend, On-Chain Data Shows


CryptoGlobe
2022-06-01 21:50:00

Data from the Bitcoin ($BTC) blockchain shows that large whales on the network have been taking advantage of the cryptocurrency’s market downturn to accumulate more BTC after distributing their coins ahead of the recent sell-off. According to Glassnode’s latest on-chain report, a metric known as the “Accumulation Trend Score” has been at a 0.9 high […]