Bitcoin Accumulation Trends - What We See! (Patreon)

First of all - do not be alarmed to see the 100K plus whales disbursing.  Let me explain 

• On Chain says they are moving from big bags like 100K + holdings to a few smaller holdings ie mostly some reorganization towards slightly smaller addresses.
• However overall there is a lot of stacking pressure coming from addresses of all sizes. 
• This stacking is making the accumulation score heat up. Wait till later for more on this. 
• Historically the current range for the accumulation score has been supportive of Bitcoin's price but typically this does not lead to price explosions in the short term.
• The small fish (addresses controlling less than 1 BTC) have been stacking sats pretty hard over the past three months. 
• This may not fuel an extreme move yet but constant stacking shrinks supply.  
• Every other group is just business as usual.
• Collectively most cohorts are mostly pulling in the same direction. And that’s where the accumulation score come in. 

If most group of addresses are increasing the aggregate amount of coins they control we’d think this is a positive sign for the market. It tells us there is a widespread demand for coins.  We are now at 0.7 Accumulation score. 

• The accumulation score takes values between 0 and 1.
• 0 means that basically no group is accumulating coins.
• 1 means that every group is accumulating coins.

Net takeaway - all is positive on the stacking side, it does not however mean we have an imminent explosion beyond $30K.  

But the odds of higher to 30K are greater than the odds of price falling to 25K based on my analysis of On Chain Data.