While Bitcoin’s price has declined sharply from its recent all-time high of $124,000, the development has caused a wave of concerns and uncertainty within the 0 metrics are starting to reflect this waning sentiment among investors toward the largest cryptocurrency asset. A Cooling Accumulation Bitcoin Trend Score When a crypto asset’s price experiences a persistent downward trend, history reveals that the negative movement mostly hampers investors’ 1 same can be said for Bitcoin, with the current state of its market and the action of investors toward BTC’s recent price 2 an examination of the Bitcoin Accumulation Trend Score, Glassnode, a leading financial and on-chain analytics platform, revealed that the metric is showing signs of 3 cooling period in the crucial metric indicates that large and long-term BTC investors are reducing their aggressive purchasing 4 to the on-chain platform, the BTC accumulation trend score has softened with conviction from large cohorts despite elevated 5 though the indicator still demonstrates healthy levels of holding, the recent softening points to a break in the surge of accumulation that may have been boosting the market uptrend and 6 a change currently may signal a transitory stage in which institutions and whales reevaluate their positions in light of altered sentiment toward cryptocurrencies and changing macroeconomic 7 highlighted that a more cautious bid is frequently indicated by lighter 8 the end, this cautious trend leaves the BTC market susceptible to a supply overhang until demand picks up speed once 9 Eyes Shift As BTC Exchange Inflows Drop Investors’ conviction in Bitcoin has not yet fully faded, as evidenced by a drop in BTC total Inflows to all crypto 10 a quick-take post on the CryptoQuant platform, Nino, a market expert, claims that the declining BTC exchange inflows hint at a possible shift in market dynamics and 11 determined the continuous decline using the 7-day Moving Average (MA) time 12 the present market state, the expert noted that this trend could be explained in multiple 13 there is a high influx, it often points to potential selling pressure , and derivative markets face a more complex situation than spot exchanges.
Furthermore, a surge in inflows may not necessarily imply a clear market direction but rather the potential for future high volatility due to the fact that the funds can be used to open both long and short 14 a result, the declining inflow might suggest a rising confidence among holders to retain their assets off 15 the trend, a s hort-term supply reduction becomes highly 16 the time of writing, BTC was trading at $109,492, showing a nearly 2% drop within the last 24 17 the fading momentum, its trading volume in the past day has increased by over 36%, indicating a gradual resurgence in bullish bets.
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