Bitcoin Investors Favor Accumulation Over Distribution Amid Price Surge: Glassnode

In the past two months, Bitcoin investors have favored accumulation over distribution. BTC’s price movement this week did not change that.

Despite the asset hitting new highs this week, there is still supply crunch, indicating that investors would rather accumulate than distribute their holdings. The market research firm Glassnode reported that these investor moves suggest they see current prices as offering relatively compelling value.