Analysis: Buy-side flows are returning noticeably, with Bitcoin showing cross-cohort accumulation and entering a "buy-the-dip" phase

Odaily reported that on-chain data analytics platform Glassnode stated on X that its "Accumulation Trend Score" indicator shows that after the price of Bitcoin dipped to the $60,000 range in early June, the overall behavior of on-chain addresses has begun to shift significantly towards accumulation.

This indicator measures the intensity of on-chain accumulation activity by entities, combining their holding size with recent balance changes. A score close to 1 represents widespread accumulation, while a score near 0 indicates ongoing distribution.

Glassnode pointed out that as the price entered lower ranges, the scores for holders of different sizes rose simultaneously, indicating a classic "buy-the-dip" market structure. This means the price decline did not trigger continuous selling but instead sparked stronger on-chain demand returning.

Analysis suggests 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.