Bitcoin Accumulation Gradually Wanes, Trend Score Declines

Bitcoin ($BTC) is going through a significant drop in accumulation levels. Particularly, the $BTC accumulation is waning irrespective of the heightened price levels. As per the data from Glassnode, Bitcoin’s Accumulation Trend Score is declining to a great extent, indicating a minimized buying pressure posed by large cohorts. Hence, this muted accumulation highlights the risk of supply overhang in the case of a failure to resurge.