@froxy
Bitcoin Accumulation Trend: network is in distribution mode.
The Accumulation Heatmap suggests this is not market bottom yet.
Following holders cohorts are in distribution mode:
Shrimp: 0.1–1 BTC
Crabs: 1–10 BTC
Octopus, Fish: 10–100 BTC (aggressive distribution)
Dolphins, Sharks: 100–1k BTC (recently entered distribution)
Super whales: 10k–100k BTC
The only cohort in modest accumulation are Whales and Humpbacks
1k–10k BTC
This is a lot of sell pressure with less buyers.
The biggest bear narratives which dominate and push this sellout:
4Y cycle end/bear market + quantum FUD. IMHO.
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