Bitcoin selling intensifies across all wallet sizes despite price holding near $70,000
CoinDesk
Bitcoin selling is intensifying across all holder sizes, pushing Glassnode's Accumulation Trend Score to 0.04, yet BTC remains resilient near $70,000.Summary
On-chain data from Glassnode indicates that Bitcoin holders across nearly all wallet cohorts have resumed aggressive selling due to intensifying geopolitical tensions, leading the Accumulation Trend Score to drop to 0.04, signaling deep net distribution. Retail investors, specifically wallets holding 1 to 10 BTC, are leading this distribution, with entities holding 10 to 100 BTC also selling significantly; even large holders (1,000+ BTC) are net sellers, though less intensely. Despite this broad-based selling pressure, Bitcoin is showing resilience, holding near $70,000, contrasting with traditional macro assets like the rising U.S. dollar index and 10-year Treasury yield, suggesting underlying demand remains strong.
(Source：CoinDesk)