Updated Glassnode Bitcoin Heatmap

🔵 Accumulation
🟡 Neutral
🔴 Distribution

⚠️Note

This chart only reflects on-chain activity from large Bitcoin wallets — from 1 BTC up to 10,000+ BTC. $BTC

It does not show what’s happening on centralized exchanges like Binance, OKX, or Bybit, nor does it include buying and selling from funds, market makers, or companies operating off-chain.

That means:

“On-chain looks like everyone is selling”
is different with
“There are no buyers.”

On-chain data is valuable, but it’s just one piece of the full market picture.

⚠️ This content is for informational purposes only and not financial advice.