Glassnode data reveals that Bitcoin long-term holders have transitioned from net distribution to net accumulation, with a 30-day net position change turning positive. The current accumulation scale ranges between 50,000 to 100,000 BTC. This shift typically occurs during market downturns, as long-term investors increase their holdings while short-term participants reduce exposure. The accumulation trend score indicates that smaller holders (less than 1 BTC) score between 0.8 to 0.9, while medium-sized holders (100 to 1,000 BTC) are in a similar range. Holders with 1 to 10 and 10 to 100 BTC score around 0.6 to 0.7, and those with 1,000 to 10,000 BTC score between 0.5 to 0.6. However, the largest whales (over 10,000 BTC) remain neutral. Glassnode notes that synchronized accumulation across various wallet sizes is a positive indicator, though the largest holders have yet to begin significant buying, warranting further observation to confirm a full-scale accumulation trend.