Bitcoin BTC $ 120,361.37 has risen 10% this week as several groups of wallet holders switch from distribution to accumulation for the first time since August. The Accumulation Trend Score, which measures the relative strength of accumulation or distribution over a 15-day period, has increased to 0.62, according to Glassnode data. A reading closer to 1 indicates stronger accumulation, while a reading closer to 0 suggests distribution. Broken down by cohort, wallets holding between 100 and 1,000 BTC have swung sharply into accumulation after distributing coins just last week. From Monday through Thursday, bitcoin has consistently gained during U.S. trading hours, rising about 8% during these sessions alone, according to Velo data.