Bitcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/exploring-the-shifts-in-bitcoin-accumulation-metrics/" data-wpel-link="internal">Exploring the Shifts in Bitcoin Accumulation Metrics</a><br></p>
<p style="text-align: justify">Recent data indicates that some <strong><a href="https://coin-turk.com/bitcoin-fiyati-ile-birlikte-btc-hacminde-de-rekor-kirildi" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/bitcoin-btc-halen-potansiyel-zirvesinden-cok-uzak-veriler-konusuyor" data-wpel-link="internal">BTC</a>)</strong> whales have been reducing their accumulation recently. Initially, this development might seem negative, but other measurements show that there is no need for alarm at the moment. Here are the details!</p> 
<h2 id="critical-metrics-in-bitcoin">Critical Metrics in Bitcoin</h2> 
<p style="text-align: justify"><strong>Glassnode’s</strong> analysis of the <a href="https://en.coin-turk.com/bitcoin-investors-face-exhausting-patience-test-according-to-expert-it-could-continue-6-more-months-if-fed-doesnt-stop/" data-wpel-link="internal">Bitcoin</a> accumulation trend score reveals a significant change, with the score hovering around zero. At the time of writing, the trend score was approximately 0.026, indicating one of the lowest points recently. The Bitcoin accumulation trend score serves as an indicator of the relative size of actively accumulating tokens measured against <a href="https://en.coin-turk.com/how-to-profit-from-the-2024-bitcoin-halving-crypto-investors-pay-attention-to-these/" data-wpel-link="internal">BTC</a> assets on the blockchain. The indicated score reflects both the balance size of institutions and the number of new cryptocurrencies bought or sold last month.</p> 
<p style="text-align: justify">A score close to 1 indicates significant accumulation of larger tokens or a major portion of the network. Conversely, a score near 0 indicates distribution or a lack of accumulation. <strong>Santiment’s</strong> analysis of the supply distribution metric revealed a notable decrease in the assets of Bitcoin whales. Holdings in these addresses dropped from 3% to about 2.8%. However, while a decrease was observed in major whale addresses, other whale addresses were seen accumulating. A more detailed examination of the graph showed that these addresses, despite some declines, recorded a recovery.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-344164 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-7.jpg" alt="" width="1053" height="592"></p> 
<h2 id="bitcoin-alert-from-santiment">Bitcoin Alert from Santiment!</h2> 
<p style="text-align: justify">In contrast to the stagnant trend in major whale addresses, these other addresses were active. This indicates that not all whale addresses are distributing their <strong>tokens</strong>. Instead, some are actively accumulating. Considering the total number of holders analyzed by <strong>Santiment</strong>, growth continues. At the time of writing, the total number of Bitcoin holders was 53.68 million. This figure shows an increase of about 1 million from April 1 to the date of publication. Despite the distribution observed in whale addresses, this increase in holder numbers could indicate that there has not been a significant drop in BTC accumulation.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/exploring-the-shifts-in-bitcoin-accumulation-metrics/" data-wpel-link="internal">Exploring the Shifts in Bitcoin Accumulation Metrics</a></h5>

Exploring the Shifts in Bitcoin Accumulation Metrics

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