The #Bitcoin bulls are working hard to create a price floor, whilst the bears continue to apply sell-side pressure.

As #Bitcoin consolidates in a delicate equilibrium, we deep dive into $BTC flows into exchanges to gauge the characteristics of sellers.

Watch our Video Analysis here.

Tracking on-chain #Bitcoin accumulation can be complex and nuanced to accurately analyse.

We are pleased to release the #Bitcoin Accumulation Trend Score, a metric designed to track when larger players or a large part of the market is accumulating.

The Accumulation Trend Score trades between values of 0 and 1 with the following interpretation:

1 = Whales and/or large parts of the market are accumulating.
0 = Macro distribution by the market.

This metric is calculated by combining wallet participation in different cohorts, with balance change to assess buy-side pressure.

Out methodology and example interpretation is available on Glassnode Academy.

See the Accumulation Trend Score on studio.

EU Crypto regulation proposal- to be voted on Monday:


https://eur-lex.europa.eu/resource.html?uri=cellar:f69f89bb-fe54-11ea-b44f-01aa75ed71a1.0001.02/DOC_1&format=PDF



https://eur-lex.europa.eu/resource.html?uri=cellar:f69f89bb-fe54-11ea-b44f-01aa75ed71a1.0001.02/DOC_2&format=PDF

From this EU website: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52020PC0593

Over 82% of #Bitcoin Short-Term Holder supply is held at a loss, suggesting the potential energy for capitulation is in play.

The bulls however continue to stack sats, at an incredible rate of 7.6x $BTC issuance to miners.

Read more in The Week Onchain

Technical Roundup