In an astonishing development, a staggering $3.54 billion worth of Bitcoin (BTC) has been transferred to crypto exchanges within the span of just one month. This remarkable movement has captured the attention of analysts and investors alike.
Leading analyst Martinez is meticulously tracking Bitcoin’s accumulation trend score, a vital metric that reveals whether major entities are accumulating or offloading BTC. According to data from Glassnode, a positive trend score signifies that wealthy investors are actively accumulating the cryptocurrency giant.
However, Martinez also highlights a noteworthy shift in investor sentiment. Bitcoin's weighted sentiment has plummeted to its lowest point in over four years, signaling a significant change in market attitudes.
Stay informed and ahead of the curve with these pivotal insights into the dynamic world of Bitcoin.