Summary
- Both long-term Bitcoin holders and short-term holders are continuing to accumulate.
- Glassnode stated that the accumulation pressure of Bitcoin is strengthening as investment sentiment recovers.
- It has been reported that the total Bitcoin holdings of long-term holders have exceeded 14 million BTC.
Both long-term Bitcoin (BTC) holders (holding for 155 days or more) and short-term holders (holding for less than 155 days) are continuing to accumulate.
According to CoinDesk on the 7th (local time), Glassnode reported that "unusually, both long- and short-term Bitcoin holders are continuing to accumulate," adding, "This indicates that as investment sentiment recovers, the accumulation pressure is increasing."
According to Glassnode data, long-term holders have purchased over 250,000 BTC since early March. Their total BTC holdings now exceed 14 million BTC. Short-term holders have also added more than 25,000 BTC since a week ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
