Glassnode Says Bitcoin Addresses Shifted Toward Accumulation After Early June Dip to $60,000 Range

Glassnode said its Accumulation Trend Score indicates that on-chain addresses broadly shifted toward accumulation after Bitcoin’s price fell to the $60,000 range in early June. According to Odaily, the metric combines holding size with recent balance changes to measure the intensity of on-chain buying, with values near 1 indicating widespread accumulation and values near 0 indicating continued distribution. Glassnode said that as Bitcoin entered a lower price range, scores rose across holders of different sizes, suggesting a buy-the-dip pattern in which the price decline did not trigger sustained selling but instead coincided with stronger on-chain demand returning. The analysis added that synchronized accumulation across multiple holder tiers typically appears in the early stage of a recovery in market sentiment and reflects medium- to long-term capital repositioning.