Main navigation

Advertisement
AD

Bitcoin Witnesses Extremely Rare Bullish Signal, But There's a Catch

Wed, 6/08/2025 - 16:22
Everyone buys Bitcoin, but on-chain data identifies major time lag
Advertisement
Bitcoin Witnesses Extremely Rare Bullish Signal, But There's a Catch
Cover image via www.freepik.com
Read U.TODAY on
Google News

According to the latest Glassnode data, it is clear that the number of wallets holding between 0 and 1 BTC and the number of wallets holding more than 10,000 BTC have been going up a lot over the last 15 days. But before everyone gets excited and calls it the start of a synchronized bull run, there's a catch.

Advertisement

This metric, called the "Trend Accumulation Score," does not track live behavior. It is all smoothed over a two-week period, so a lot of it is already history.

You Might Also Like

It looks like the behavior we are seeing started during the pullback at the end of July, when Bitcoin went down from around $117,000 to about $110,000.

Advertisement

But it is interesting that two very different types of holders — one group made up of casual retail wallets, the other of treasury-scale players — responded to that dip the same way: they bought it. They did this consistently across the entire 15-day period, as you can see from the dense red clusters across both groups.

What about so-called "sharks?"

In the meantime, mid-sized wallets — from 1 BTC to 100 BTC — did not seem as committed. The exposure was adjusted in some cases, while others remained unchanged. This kind of split behavior is not uncommon, but it does make one wonder about the strength of the conviction. 

When the middle sits out and the ends lean in, it is usually a sign of uneven confidence — or that something bigger is on the way.

You Might Also Like

Bitcoin is currently trading at just under $113,000, and the price is staying within a pretty tight range. The dip was clearly bought — that much is fact. But whether that energy spills forward, or runs out as the lag catches up, is still up for speculation.

Advertisement
Advertisement
Subscribe to daily newsletter

Recommended articles

Our social media
There's a lot to see there, too

Popular articles