According to Cointelegraph, Enmanuel Cardozo, an analyst at the RWA tokenization platform Brickken, stated that although Bitcoin may experience short-term decline, the rebound after the FOMC meeting is a positive signal for market participants. He believes investors should focus on the accumulation of long-term Bitcoin holders rather than short-term fluctuations, adding: "As seen in on-chain data, long-term holders continue to accumulate, quietly building their positions."
Glassnode data shows that the BTC holdings of long-term Bitcoin holders increased by over 250,000 BTC in less than two months, rising from 13.1 million BTC on February 11 to over 13.3 million BTC on March 22.