According to glassnode, the latest Accumulation Trend Score data indicates that most Bitcoin wallet cohorts are transitioning from heavy distribution to modest buying activity. Despite ongoing sell-offs, every Bitcoin sold continues to find a buyer, signaling sustained market liquidity. Notably, recent sell pressure has been dominated by long-term holders with coins aged over one year, many of whom are realizing significant profits and are willing to sell even below market premiums (source: glassnode, June 6, 2025). This shift in behavior among profit-taking long-term holders introduces increased volatility and presents potential buying opportunities for active traders, as profit-taking at discounts often precedes periods of accumulation and potential price rebounds. Traders should monitor on-chain data closely for signs of renewed accumulation, which could signal a market bottom and trigger upward momentum.

According to Glassnode, Bitcoin's Accumulation Trend Score has surged to 0.34, marking the highest level in 2025. This indicates that wallets are collectively re-entering accumulation mode, with large investors showing renewed interest despite recent price dips. This trend suggests potential bullish sentiment in the market, as larger cohorts begin to accumulate Bitcoin, potentially setting the stage for future price increases. [Source: Glassnode]