• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Bitcoin

From Shrimps To Whales: All Bitcoin Cohorts Are Buying Right Now

Keshav Verma
by Keshav Verma
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On-chain data shows all the Bitcoin cohorts are showing accumulation behavior right now, the first time it has happened this year so far.

Bitcoin Accumulation Trend Score Is Near Perfect For All Groups

In its latest weekly report, the on-chain analytics firm Glassnode has talked about the accumulation and distribution trends among the different BTC cohorts. The relevant indicator here is the “Accumulation Trend Score,” which keeps track of the behavior that the Bitcoin investors are showing right now.

The metric does so by tracking the 30-day changes in the balances of the holders. The indicator also takes into account the size of the entities when looking for accumulation and distribution behaviors.

Related Reading: Unstoppable Bitcoin Hashrate: Miners Preparing For Next Bull Run?

When the indicator’s value is close to 1, it means that the BTC group of focus has been accumulating recently. On the other hand, values close to 0 imply distribution has been the dominant trend among these holders.

Now, here is a chart that shows how the Accumulation Trend Score has changed for the different cohorts over the past year:

Bitcoin Accumulation Trend Score

Looks like the value of the metric has been dark blue throughout the market recently | Source: Glassnode's The Week Onchain - Week 45, 2023

From the above graph, it’s visible that the Bitcoin market has gone through several phases this year where all the cohorts participated in some heavy distribution.

As would be expected, the price of the cryptocurrency had felt resistance every time the investors had gone through their period of distribution activity. The uptrends, on the other hand, had naturally occurred as balanced inflows had occurred across the different cohorts.

During these phases of accumulation, though, there wasn’t a point where all the cohorts showed the behavior simultaneously. That was only the case, however, until late October, when the market took an unusual turn.

As is apparent from the chart, all the Bitcoin groups started buying then and have continued to do so in the days since. It’s also not been just some light accumulation, either, as the Accumulation Trend Score has remained deep blue for the groups, suggesting that heavy buying has been taking place.

Related Reading: Bitcoin On Schedule: Current Profits Line Up With Previous Cycles

It’s no wonder that Bitcoin has registered some sharp bullish momentum coinciding with this period of strong accumulation. The fact that the investors have also not stopped the buying activity just yet could also be an optimistic sign, as it means that there could still be more in the tank left for the rally.

Glassnode has also pointed out how the accumulation has been particularly significant on the smaller side of the market, as the balance change for the shrimps (less than 1 BTC), crabs (1 to 10 BTC), and fish (10 to 100 BTC) is considerably positive right now.

Bitcoin Accumulation

The value of the metric seems to have been positive since a while now | Source: Glassnode's The Week Onchain - Week 45, 2023

“The combined rate of balance increase for this sub-group is currently equivalent to 92% of newly mined supply, and has remained in an elevated state since May 2022,” explains the report.

BTC Price

After observing a setback yesterday, Bitcoin has already bounced back above the $35,000 level.

Bitcoin Price Chart

BTC has observed a jump in the past day | Source: BTCUSD on TradingView
Featured image from Kanchanara on Unsplash.com, charts from TradingView.com, Glassnode.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Keshav Verma

Keshav Verma

Follow

Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

Full Profile

Related Posts

Bitcoin Derivative Pressure Score Hits 30%: Downside Risk Signal

Bitcoin Derivative Pressure Score Hits 30%: Downside Risk Signal

16 hours ago
Bitcoin

Bitcoin Whale Dumps $4 Billion In BTC, Here’s What They Bought

18 hours ago
cours-or-nouveau-record-chute-btc

Record de l’or et chute du Bitcoin : que se passe-t-il ?

21 hours ago
Bitcoin

Bitcoin Correction Doesn’t Derail Its Growth Trajectory – Why The Bull Run Is Still On

1 day ago
Bitcoin & Ethereum

Bitcoin ETFs Post Net Inflows Again, But Ethereum Still Dominates

1 day ago
Bitcoin Set To Benefit From Strategy’s Potential S&P 500 Inclusion, Analyst Predicts

Bitcoin Set To Benefit From Strategy’s Potential S&P 500 Inclusion, Analyst Predicts

1 day ago

Premium Sponsors

Press Releases

  • AlloyX Merges with Solowin Holdings at $350 Million...

    16 minutes ago
  • WinnerMining

    “Trump-Backed WLFI Booms — WinnerMining Cloud Mining...

    2 hours ago
  • Top 5 Most Profitable ASIC Miners in 2025: ROI Comparison

    16 hours ago
  • Bitget to Transfer 440 Million BGB to Morph Foundation...

    17 hours ago
  • From Institutional to Individual Investors: How XRP and...

    17 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.