Glassnode: Bitcoin selling pressure persists, trend reversal not yet evident

According to an analysis by Glassnode, while selling pressure in the Bitcoin market has eased somewhat since Aug. 25, a clear trend reversal has not yet materialized. The firm noted that the Accumulation Trend Score by BTC holder cohort remains below 0.5, indicating that selling pressure is ongoing. No cohort has shown a strong accumulation signal of 0.8 or higher. Glassnode concluded that the market is generally stuck in a phase between neutral and selling.