Bitcoin has emerged from a mass accumulation phase in the past month — a classic move ahead of parabolic BTC price upside.
Bitcoin (BTC) is ending a year-long accumulation spree that began at the end of the 2022 bear market, data suggests.
Figures from on-chain analytics firm Glassnode show BTC in accumulation addresses declining for the first time since the first quarter of 2023.
Bitcoin hitting all-time highs this week may have sparked an instant sell-off, but behind the scenes, hodlers are already busy taking profits.