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Bitcoin’s long-term holders have resumed accumulation in what’s a notable shift in investor sentiment regardless of the turbulence that has gripped the market in current weeks. Notably, information from on-chain analytics platform Glassnode reveals that the “BTC: Lengthy-term holder web place change” metric has flipped constructive for the primary time this yr. This means that long-term Bitcoin traders are capitalizing on market circumstances so as to add important quantities of BTC to their holdings.
Lengthy-Time period Holders Add 167,000 BTC Amid March Crash
Earlier this month, Bitcoin’s worth plunged from above $90,000 to round $80,000 throughout a speedy sell-off. This worth shocked many merchants and triggered a steady wave of liquidations amongst short-term traders. But regardless of this steep correction, long-term holders handled the sub-$90,000 ranges as a shopping for alternative somewhat than a purpose to capitulate.
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In different phrases, cash are shifting into wallets that haven’t spent their BTC in a very long time, which is a notable reversal after beginning 2025 with a detrimental web place change. This marks the primary web accumulation by these “HODLers” in 2025. Glassnode’s Lengthy-Time period Holder Web Place Change metric, which had been within the crimson, flipped “inexperienced” as long-term traders aggressively accrued by way of the downturn.
On-chain information reveals that this flip to inexperienced has seen long-term holders enhance their web Bitcoin holdings by greater than 167,000 BTC up to now month. This notable inflow is valued at practically $14 billion. In brief, the cohort of seasoned holders started scooping up low cost BTC whereas short-term sentiment was at its bleakest.
Is A Bitcoin Value Restoration Brewing?
The timing of this flip from crimson selloff to inexperienced accumulation amongst long-term holders is placing, contemplating what the Bitcoin worth went by way of up to now two weeks. This information means that a big a part of the Bitcoin crash was brought on by panic-selling amongst short-term holders. This conduct aligns with previous market cycles between August and September 2024, the place long-term holders accrued aggressively throughout a worth dip.
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Curiously, Glassnode’s long-term holder metric isn’t the one one pointing to constructive Bitcoin sentiment amongst giant holders. After weeks of uncertainty, Bitcoin exchange-traded funds (ETFs) have began seeing web inflows once more. On March 17, spot Bitcoin ETFs collectively drew in about $274.6 million, the biggest single-day influx in 28 days and a transparent sign of renewed investor curiosity.
The very subsequent day introduced one other wave of contemporary capital, with roughly $209 million pouring into Bitcoin funds on March 18. In reality, this three-day streak represents the primary sustained run of constructive inflows since February 18, a interval throughout which Bitcoin funds have skilled consecutive days of outflows.
On the time of writing, Bitcoin is buying and selling at $83,500.
Featured picture from Unsplash, chart from Tradingview.com