Analysis: Glassnode's Entity Net Growth score has reached its peak, indicating that both whales and small hodlers are actively buying.

BlockBeats News, May 23rd, Glassnode's Accumulation Trend Score has reached a peak of 1.0, indicating that both whales and small holders are actively buying. This metric assesses the relative strength of buying across different wallet size categories, taking into account both their current holdings and holdings over the past 15 days. To avoid data distortion, exchanges and miners are not included in this metric.

Furthermore, options market activity has supported the recovery in demand, with CoinDesk Research highlighting a large amount of bullish positions. Bullish options expiring in June with a strike price of $300,000 have become the most popular, with a nominal value of $620 million, while another $420 million is concentrated in bullish options with a strike price of $200,000. (CoinDesk)