Long-term bitcoin holders are starting to re-accumulate for the first time since December 2023 after multiple months of selling, according to Glassnode data
The analysts noted that spending pressure from long-term holders has cooled off significantly in the past week, with investors returning to accumulation patterns — suggesting that volatility is required to motivate any new wave of sell-offs. "In prior cycles, this count reached between 18 and 26 days, which suggests the current market may be somewhat more measured relative to historical bull markets," the analysts added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: