Short-term Bitcoin holders increased their holdings in April, while long-term whale remained unchanged

On April 4, according to glassnode on-chain data, despite Bitcoin's price retracing 30% from its January historical high and still being 25% away from its peak, the short-term holder group has shown an unusual value investment characteristic. In the first four days of April, this group counter-trend increased holdings by 15,000 BTC, in stark contrast to selling 280,000 BTC in the previous two months (part of the profit-taking originated from the market movement in November-December triggered by Trump's election). Long-term holders continue to demonstrate firm belief, accumulating 400,000 BTC since February, continuing to make small-scale acquisitions in April, with total holdings breaking through 13.5 million BTC (approximately 64.3% of circulating supply).