Bitcoin’s Market Shift: End of Accumulation
Quick Look Bitcoin (BTC) concludes its year-long accumulation phase, signalling potential shifts in market dynamics. Glassnode reports a 2.6% decrease in accumulator balances, marking the first decline since Q1 2023. Recent price actions see BTC hitting all-time highs, followed by a significant sell-off and recovery. The introduction of U.S. spot-bitcoin ETFs in January introduces new …