Glassnode Reports Peak Accumulation Trend Score Indicating Strong Buying Activity

According to BlockBeats, Glassnode's Accumulation Trend Score has reached a peak of 1.0, indicating active purchasing from both large and small holders. This metric assesses the relative buying strength across different wallet sizes, taking into account their existing holdings and those from the past 15 days. To ensure accuracy, the metric excludes data from exchanges and miners. Additionally, activity in the options market supports a resurgence in demand. CoinDesk Research highlights a significant number of bullish positions, with the most popular being call options expiring in June with a strike price of $300,000, holding a nominal value of $620 million. Another $420 million is concentrated in call options with a strike price of $200,000.