Bitcoin Sees Uptick in Accumulation as Short-Term Buyers Step In and Long-Term Holders Double Down
Despite a volatile backdrop, Bitcoin (BTC) is showing signs of growing support from both short-term and long-term investors as April kicks off.
Blockchain analytics firm Glassnode reports that short-term holders—those who’ve held BTC for under 155 days—are showing a shift in behavior. Traditionally more sensitive to market swings, this cohort often chases rallies and exits during declines. But recently, they appear to be taking a more value-driven approach, buying the dip while BTC trades about 25% below its all-time high.
Since April began, short-term holders have added roughly 15,000 BTC, pushing their collective balance to just over 3.7 million coins. This comes after they offloaded around 280,000 BTC since February—some likely from profit-taking following the post-election rally last year, and some from capitulation during BTC’s 30% drop from January highs.
On the other end of the spectrum, long-term holders—those holding for more than 155 days—have steadily accumulated. Since February, they’ve added 400,000 BTC to their positions, with modest gains continuing into April. Their total holdings now exceed 13.5 million BTC, underscoring continued faith in the asset’s long-term potential.
While Bitcoin has stayed relatively flat through early April, the Nasdaq has fallen 3.5%, with futures signaling another possible 3% slide—highlighting BTC’s relative resilience amid growing macro uncertainty.
