Bitcoin’s recent fall below the $67,000 level has created serious selling pressure, especially among small investors. The 30-day Accumulation Trend Score prepared by on-chain analysis platform Glassnode according to wallet groups revealed how the latest movements were reflected in various segments of the market.
Small investor sales accelerated
The accumulation score decreased to 0.11 in wallets with less than 1 BTC of coins held by individual investors, and to 0.05 in wallets with a balance between 1 and 10 BTC. These data show that intense sales were made in these groups.
Glassnode’s Accumulation Trend Score evaluates the market’s buying or selling tendency by analyzing the net coin flow and total balance of wallets of different sizes over the last 30 days. A score close to 1 indicates accumulation, especially among large investors, while values close to 0 indicate weak selling pressure or new purchases.
It is stated that the short-term rise expectation in the market has decreased as small investors have turned to sales in recent weeks. It is noteworthy that users with balances below 1 BTC quickly dispose of their coins.
Corporate and large investors are waiting
When wallets holding higher amounts of Bitcoin are examined, the picture becomes different. The score of investors with a balance between 1,000 and 10,000 BTC is around 0.5; This means that there is neither significant accumulation nor high levels of coin sales.
It is stated that large investors with a balance of 10,000 BTC and above showed a slight selling tendency, but the current distribution is more limited compared to the rapid registrations experienced last year. The data revealed that medium-sized investors between 100 and 1,000 BTC also exhibited significant selling behavior.
It is observed that large-scale wallets mostly wait for the direction of the market and do not actively make new purchases or aggressive sales. The last serious purchases were seen in early February, when Bitcoin dropped to $ 60,000.
These developments show that small investor-oriented capitulation is accelerating in the short term, while large players are monitoring the market more closely.
