Hold the freaking phone, crypto fam! Glassnode’s Accumulation Trend Score just spiked to a perfect 1.0! This isn’t some minor blip; it’s a HUGE signal that everyone – from the big-money whales to the everyday shrimp holders – is actively stacking sats and scooping up Bitcoin. Seriously, people are buying!
This score meticulously gauges buying pressure across all wallet sizes, meticulously filtering out the noise from exchanges and miners. What does this mean? It means real, organic demand is surging. Forget the FUD, this is a damn good sign.
But wait, there’s more! The options market is also flashing bullish signals. CoinDesk Research is reporting massive interest in call options for June, with a jaw-dropping $620 million concentrated at the $300,000 strike price. Another $420 million is piling into calls at $200,000. Talk about conviction! Let’s break down what’s REALLY going on here.
A Little Crypto Education (Because You Deserve It):
The Accumulation Trend Score provides insight into the net buying or selling pressure in the Bitcoin network. A score above 0.5 indicates net accumulation.
Call options give holders the right, but not the obligation, to buy Bitcoin at a predetermined price (the strike price) before a specific date (expiration).
High demand for call options suggests bullish sentiment, as traders are betting that the price will rise above the strike price. Increased activity across different strike prices demonstrates broad expectation of a price increase.
Essentially, this isn’t just one group making moves. It’s a widespread, across-the-board frenzy of buying. This is the kind of stuff that gets me legitimately excited. Don’t sleep on this, folks. We might be on the verge of something big.
