Definition. Accumulation Trend Score is an indicator that reflects the relative size of entities actively accumulating coins on-chain in terms of their BTC holdings. The scale combines the size of an entity's balance (its participation score) with the amount of new coins it has acquired or sold over the last month (its balance change score).

Technical. Miner and exchange entities are excluded.

Interpretation. Values near 1 indicate that, on aggregate, larger entities (or a large part of the network) are accumulating. Values near 0 indicate they are distributing or not accumulating.

Notes. For more information, see the metric description in Glassnode Academy.