BlockFills co-founder and CEO Nicholas Hammer has stepped down from his 
leadership role, with the company’s website now listing Joseph Perry as 
interim CEO. Leadership shakeup at BlockFills as firm seeks buyer after market 
stress The leadership change comes as…

BlockFills CEO steps down as $75M loss triggers sale talks and withdrawal freeze

On-chain analytics firm Glassnode has highlighted how accumulation from the 
large Bitcoin entities has remained relatively weak recently. Bitcoin 
Accumulation Trend Score Has Been Struggling To Break 0.5 In a new post on X, 
Glassnode has talked about the latest trend in the Accumulation Trend Score 
for Bitcoin. This on-chain indicator tracks whether BTCinvestors are 
accumulating or distributing right now. The metric calculates its value by 
looking at the balance changes happening in the wallets of the investors. 
Additionally, it also accounts for the size of the wallets themselves. This 
second weighting factor means that larger entities have a stronger influence 
on the indicator. Related Reading: Bitcoin Nears Death Cross That Preceded 
Final Bear Market Legs When the value of the Accumulation Trend Score is 
greater than 0.5, it means large investors (or a large number of small 
entities) are accumulating. The closer the metric is to 1, the stronger this 
behavior is. On the other hand, the indicator being under 0.5 implies that 
distribution is the dominant behavior on the network. The extreme point on 
this side of the scale lies at 0. Now, here is the chart shared by Glassnode 
that shows how the Bitcoin Accumulation Trend Score has changed over the 
course of the cycle: As displayed in the above graph, the Bitcoin price crash 
in November saw the Accumulation Trend Score take on a dark purple color. 
Here, a light yellow shade on the indicator reflects a value close to zero, 
while a dark purple one to a value near 1. Thus, it would appear that the 
market reacted with a near-perfect accumulation behavior to the November price 
lows. While December saw continued accumulation, a shift occurred in January; 
the price recovery rally was met with distribution as the Accumulation Trend 
Score turned orange-yellow. The cryptocurrency&#8217;s price has plummeted since the 
onset of this selling pressure. The price crash has been met with some 
accumulation, but from the chart, it&#8217;s visible that the indicator&#8217;s color has 
still only been red. &#8220;The Accumulation Trend Score has struggled to push above 
0.5 since early February,&#8221; noted the analytics firm. While the current value 
suggests aggressive distribution is no longer happening, it&#8217;s not necessarily 
a sign of a return of demand for Bitcoin, either. As Glassnode explained, the 
trend reflects &#8220;persistently weak accumulation, particularly among larger 
entities, signalling that meaningful capital has yet to step back in.&#8221; It now 
remains to be seen how long the current neutral market behavior will continue 
and which way the next shift will lean. Related Reading: Bitcoin Capitulation 
Persists As Short-Term Holders Realize $0.48B Daily Losses BTC Price Bitcoin 
slipped under the $63,000 level on Tuesday, but the market has rebounded since 
then as the cryptocurrency&#8217;s price has returned to $65,300. Featured image 
from Dall-E, chart from TradingView.com

Bitcoin Yet To See Meaningful Capital Return, Glassnode Says

World Liberty Financial’s USD1 is the fifth-largest stablecoin by market 
capitalization at $4.7 billion, while USDT is the market leader, followed by 
USDC.

WLFI proposes governance staking system and USD1 usage incentives

“They’ve heard the promises of institutional adoption for so long that they no 
longer register,&#8221; said Bitwise&#8217;s Matt Hougan.

Wall Street is loud about crypto, but investors aren’t listening: Bitwise

South African Finance Minister Enoch Godongwana has announced plans to end the 
country’s crypto regulatory vacuum by drafting new rules to integrate digital 
assets into the national capital flow management regime. Closing the 
Regulatory Vacuum South African Finance Minister Enoch Godongwana has 
signalled a definitive end to the regulatory vacuum surrounding digital 
assets, revealing the […]

Cryptocurrency price in BTC