Glassnode: Bitcoin is in a state of uncertainty

Recently, Bitcoin BTC $75,183.50 Mezo Wrapped BTC -0.89% Market capitalization $0.1 billion VOL. 24 hours $0.62 billion has been trying to break through the $ 108,000 mark, but investors remain divided on the market’s future direction. According to Glassnode' s analysis, different groups of BTC holders behave differently: those with 1 to 10 BTC are now selling assets, while those with 10 to 100 BTC are accumulating. The situation is ambiguous among large players: «whales» with 1,000−10,000 BTC tend to accumulate, while «mega-whales» with more than 10,000 BTC show a slight tendency to sell.

The network’s overall Accumulation Trend Score is currently 0.57, which does not indicate a clear buying or selling preference. After a recent drop to 0.25, there has been some recovery, but there is no clear trend in the market.

The price of Bitcoin was unable to stay above $ 108,000 for long and fell back to $ 107,100, despite a recent rise for several days. Further price movements will depend on investors' decisions — whether they will return to active accumulation or whether the period of uncertainty will continue.