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.

This is the Point-in-Time (PiT) variant of Accumulation Trend Score. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.