Bitcoin Accumulation Soars as Institutions Bet Big on Bullish Options

Glassnode’s latest report reveals a significant surge in Bitcoin accumulation, driven by institutional interest. With the Accumulation Trend Score reaching 1.0, both whales and retail investors are participating in robust buying activity, surpassing even miners and exchanges. This trend is further reflected in the increased allocation to bullish $300,000 and $200,000 Bitcoin options set to expire in June, exceeding $620 million and $420 million respectively. This suggests strong institutional confidence and expectations of sustained price growth.