Analysis: Buyback inflow is returning significantly, Bitcoin shows cross-cohort accumulation and enters a “buy-the-dip” phase
Odaily Planet Daily News: On-chain data analytics platform Glassnode posted on X that its “Accumulation Trend Score” indicator shows that after Bitcoin’s price dipped to the $60,000 range in early June, the overall behavior of on-chain addresses has notably shifted toward accumulation.
This indicator measures the intensity of on-chain accumulation behavior by combining holding sizes with recent balance changes. A score close to 1 represents widespread accumulation, while a score near 0 indicates ongoing distribution.
Glassnode notes that as the price enters lower ranges, the scores for holders of different sizes rise simultaneously, indicating a typical “buy-the-dip” market structure. That is, the price decline did not trigger sustained selling, but instead sparked stronger on-chain demand inflows.
Analysts believe that this cross-cohort synchronized accumulation structure typically appears in the early stages of market sentiment recovery, reflecting that medium- to long-term capital is being repositioned.
