PANews reported on April 24 that according to glassnode data, as Bitcoin's price rebounds above $90,000, long-term holders (LTHs) demonstrate strong conviction, with their buying volume exceeding short-term holders' selling volume. Since January this year, long-term investors have accumulated 635,340 bitcoins, with total holdings reaching 13,755,722 bitcoins. Despite Bitcoin's price rebound, 2.6 million bitcoins remain at a loss, reflecting ongoing resistance for investors who bought above $95,000.
Data shows that for every bitcoin sold by short-term holders, long-term holders buy 1.38 bitcoins. It is understood that long-term holders typically accumulate during market weakness and sell during market strength.
