Bitcoin accumulation trends strengthen as realized losses near $5.8B
Despite a 10% drop, Bitcoin whales and mid-sized holders are aggressively accumulating, coinciding with realized losses nearing $5.8 billion.Summary
Bitcoin has recently dropped 10%, but data indicates a shift toward accumulation across various wallet cohorts, suggesting a potential momentum change. The Bitcoin Accumulation Trend Score (ATS) is nearing 1, signaling that large investors are accumulating more than distributing, mirroring a pattern seen before the August rally. Small to mid-sized holders (10 to 1,000 BTC) have also been aggressively buying. Reinforcing this, whales and sharks are absorbing approximately 240% of newly mined BTC supply, while exchange outflows suggest a move toward self-custody. Concurrently, Bitcoin's realized losses hit nearly $5.8 billion on November 22, the largest spike since the FTX collapse, with short-term holders accounting for the majority of these losses, indicating stress on recent buyers.
(Source：Cointelegraph)