Quick Take
Bitcoin is currently down 5% in the past five days, which has sparked massive volatility and a sell-off from short-term holders.
However, Bitcoin whales continue accumulating Bitcoin even as the prices continue to decrease.
The blue denotes accumulation, which can be seen with whales that hold 10,000 Bitcoin or more. At the same time, all other cohorts are selling or in a distribution phase.
Furthermore, supply per whale has increased to 535 Bitcoin — demonstrating the increase in whale accumulation—the highest supply per whale since the FTX crash in Q4 2022.
Accumulation Trend Score: (Source: Glassnode)
Supply Per Whale: (Source: Glassnode)
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