Quick Take
The recent Bitcoin price surge, up over 53% since Oct. 14, has been accompanied by a distinctive accumulation pattern among various wallet cohorts.
The Accumulation Trend Score, a metric that measures the relative strength of coin accumulation by entity balance size, has shown intriguing trends. From mid-October to mid-November, the accumulation trend score was 1, indicating strong accumulation across all cohorts. This period, marked by a ‘deep blue accumulation’, reflects a high degree of engagement from participants in the market.
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