Since the beginning of April, Bitcoin (BTC) has experienced an unusual increase in convincing from both short -term and long -term holders.
According to Glassnode, short-term holders-the people held in Bitcoin for less than 155 days-are usually more reactive to price movements, which often buy in times of euphoria and sale in falls.
In the end, however, short -term holders appear to have become consumers driven by value despite Bitcoin currently sitting at almost 25% below its high time.
Since the beginning of April, this group has grown nearly 15,000 BTC, holding a total of more than 3.7 million BTC. That said, since February, they have distributed approximately 280,000 BTC-likely a mix of income extraction from the November-December rally, following the winner of President Donald Trump’s election election. That was in addition to the panic selling during the 30% Bitcoin drawdown from its January high high.
Long-term holders-the events of at least 155 days-have strengthened their coin stash of 400,000 BTC since February, with a small amount obtained this month, which took the general tally to more than 13.5 million. It suggests the growth of faith in long-term holders, even in the midst of recent stagnation prices.
While Bitcoin has remained relatively flat since the beginning of April, the Nasdaq dropped 3.5% in the same time frame, with futures pointing to an additional 3% decline.
