Bitcoin Bottoming Phase Was Driven By Large Entities, Glassnode Data Shows

On-chain analytics firm Glassnode has pointed out how large entities drove Bitcoin accumulation during the November-December bottoming phase.
Large Entities Accumulated BTC, While Smaller Investors Sold
In a new post on X, Glassnode has talked about the recent Bitcoin investor behavior. “During the November–December bottoming phase, supply accumulation was primarily driven by larger entities, while smaller cohorts were distributing,” noted Glassnode.
To showcase the trend, the