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By James Van Straten, AI Boost|Edited by Parikshit Mishra
Aug 19, 2025, 10:33 a.m.
- The aggregate Accumulation Trend Score has fallen to 0.26, staying below 0.5 for several days, highlighting broad distribution.
- Wallets from over 10,000 BTC down to less than 1 BTC have flipped from accumulation to distribution as market momentum cools.
Sentiment in the crypto industry can shift quickly.
According to Glassnode data, all bitcoin
wallet cohorts are currently in some form of distribution. The Accumulation Trend Score(ATS), broken down by wallet cohort, helps measure the relative strength of accumulation or distribution across entity sizes.
STORY CONTINUES BELOW
This metric evaluates accumulation strength by considering both the size of the entities and the amount of bitcoin acquired over the past 15 days.
- A score closer to 1 indicates accumulation.
- A score closer to 0 indicates distribution.
Exchanges, miners, and certain other entities are excluded from the calculation.
At present, from large holders with more than 10,000 BTC to small wallets holding less than 1 BTC, all cohorts appear to be in distribution. This marks a sharp reversal from just over a week ago, when all groups were in accumulation mode as bitcoin reached new all time highs above $124,000.
The current phase of distribution reflects profit taking. Historically, bitcoin tends to correct shortly after setting new record highs. The aggregate Accumulation Trend Score has printed 0.26, remaining below 0.5 for the past several days.
Bitcoin has posted four consecutive green months from April through July. However, August is often characterized by quieter trading activity and reduced volume. In fact, the last three Augusts each saw corrections in the double-digit percentage range.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
“AI Boost” indicates a generative text tool, typically an AI chatbot, contributed to the article. In each and every case, the article was edited, fact-checked and published by a human. Read more about CoinDesk’s AI Policy.
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