Bitcoin long-term holders have accumulated 212,000 BTC, valued at over $14 billion, in the past 30 days despite a 15% market correction. This buying spree, highlighted by the CryptoQuant Bitcoin Long-Term Holder Net Position Change metric, indicates a strategic accumulation by wallets holding BTC for at least 150 days. The trend suggests a renewed confidence among these holders as Bitcoin prices stabilize around the mid-$60,000 range.
Institutional investors are also increasing their Bitcoin holdings, with Bitcoin ETFs purchasing $1.5 billion worth of the cryptocurrency in the last five trading days. A significant net inflow of $458.2 million was recorded yesterday, marking a strong interest from large players. This divergence between institutional and retail behavior underscores a belief in Bitcoin's long-term potential, potentially setting the stage for a future price rally.
Bitcoin Long-Term Holders Accumulate 212,000 BTC Amid Market Dip
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