Bitcoin Holders Intensify Accumulation Amid Market Fluctuations
Recent data from blockchain analytics firm Glassnode reveals a notable increase in Bitcoin (BTC) accumulation among long-term holders.
These investors, who have held their assets for over 155 days, have collectively acquired more than $22 billion worth of Bitcoin over the past three months.
Glassnode’s analysis highlights a significant shift: long-term holders who previously sold off their assets as Bitcoin approached its all-time high (ATH) have resumed accumulating.
Over the past quarter, these holders have added approximately 374,000 BTC to their reserves, indicating a renewed commitment to holding rather than selling.
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The firm’s Accumulation Trend Score (ATS) also reflects this shift. The ATS, which measures market behavior changes, has reached its maximum value of 1.0, signifying strong accumulation activity in recent weeks.
According to Glassnode, this trend underscores the robustness of Bitcoin’s market fundamentals and suggests a potential for new ATHs.
Despite current market volatility, long-term holders are demonstrating considerable patience and confidence, maintaining their positions and resisting panic selling. This behavior indicates a belief in future price increases and a steadfast commitment to their investment strategy.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
