Trust is a good thing
A strict editorial policy that emphasizes accuracy, relevancy, and impartiality
This product is designed by professionals and carefully reviewed
Highest standards of reporting and publication
A strict editorial policy that emphasizes accuracy, relevancy, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Bitcoin long-term investors have resumed their accumulation, a significant shift in investor attitude despite the turbulence The market has been shook by a new trend. Glassnode’s on-chain analytics platform shows, in particular, that the “BTC: Long-term holder net position change” For the first time, metric turned positive this year. It is possible that Bitcoin long-term investors have taken advantage of the current market to increase their BTC holdings.
Mid-March Crash: Long-Term holders add 167,000 BTC
Earlier this month, Bitcoin’s price plunged from above $90,000 to around $80,000 during a rapid sell-off. The price shocks many traders, and causes a wave of liquidity among short-term investment. But despite this sharp correction, long term holders still treated sub-$90,000. as a buying opportunity Instead of a reason for capitulation.
Related Reading
Other words, the coins move into wallets which have not spent BTC for a very long time. This is an important reversal following starting 2025 with a negative Change in net position. The first change in net position. “HODLers” Glassnode’s Long-Term Holder Net Position Change metric, which had been in the red, will be in 2025. Glassnode’s Long Term Holder Net position Change, which was in the negative, has now flipped. “green” as long-term investors aggressively accumulated through the downturn.
This switch to green is backed up by data from the chain. long-term holders increase In the last month, their Bitcoin net holdings increased by over 167,000 BTC. The value of this notable influx comes to nearly $14 billion. Shortly, BTC was cheap for the cohort that had been holding it while sentiments were short. was at its bleakest.
Bitcoin price recovery brewing?
It is interesting to see how long-term investors have reacted, despite the price of Bitcoin having plummeted in recent weeks. The data shows that the Bitcoin price crash is largely due to the Bitcoin market. panic-selling among short-term holders. This is consistent with previous cycles in August to September of 2024 when long-term owners piled up aggressively at a time of price decline.
Related Reading
Glassnode’s long-term holding metric isn’t the only metric that indicates a positive sentiment towards Bitcoin among larger holders. Bitcoin ETFs have begun to see some positive movement after weeks of uncertainty. net inflows again. On March 17, spot Bitcoin ETFs collectively drew in about $274.6 million, the largest single-day inflow in 28 days and a clear signal of renewed investor interest.
The very next day brought another wave of fresh capital, with roughly $209 million pouring into Bitcoin funds on March 18. The three-day stretch is the first positive run since February 18 when Bitcoin funds had experienced a series of consecutive outflows.
Bitcoin was trading for $83,500 at the time this article was written.
Image from Unsplash; chart by Tradingview.com
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: www.newsbtc.com
