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Bitcoin selling intensifies across all wallet sizes despite price holding near $70,000
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Why This Matters
Bitcoin selling intensifies across all wallet sizes, with smaller wallet cohorts offloading BTC, despite the price holding near $70,000. This trend is reflected in Glassnode's Accumulation Trend Score dropping to 0.04. The intensifying macro headwinds may contribute to further selling pressure.
Market Impact
The increase in selling pressure across all wallet sizes could lead to a potential price decline for BTC, with a possible breakdown below the $70,000 support level. This may also lead to a decrease in market sentiment, causing a ripple effect across the broader cryptocurrency market, potentially pressuring altcoins.
Sentiment
Bearish
AI Confidence
70%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Glassnode’s Accumulation Trend Score drops to 0.04 as smaller wallet cohorts offload BTC while macro headwinds intensify.
Original article published by
CoinDesk
on March 12, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.