Glassnode: Long-term investors have increased their holdings by 635,000 BTC since January

According to glassnode data, as Bitcoin's price rebounds above $90,000, long-term holders (LTHs) demonstrate strong conviction, with their accumulation exceeding short-term holders' selling volume. Since January this year, long-term investors have accumulated 635,340 bitcoins, bringing their total holdings to 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 1 bitcoin sold by short-term holders, long-term holders accumulate 1.38 bitcoins. It is worth noting that long-term holders typically accumulate during market weakness and sell during market strength. (CoinDesk)