- Long-term Bitcoin holders reversed a heavy selling phase and accumulated 167,477 BTC, reflecting overall market confidence and a clear shift in behavior.
- Technical analysis shows a transition from distribution to consolidation and then strong accumulation, marking a critical phase in Bitcoin’s long-term price dynamics.
- Glassnode data indicates renewed investor confidence as long-term holders accumulate Bitcoin, stabilizing price near support levels and paving the way for recovery.
Long-term Bitcoin holders have shifted their strategy from heavy selling to strong accumulation. Recent data from Glassnode shows that these investors added over 167,000 BTC, worth nearly $14 billion, in the past month. The market now observes clear changes in holder behavior alongside price movements.
Shift in Holder Behavior
Data indicates that long-term holders were in distribution mode from mid-December to early February. During that period, red bars on the chart signaled intense selling pressure. Net position declines exceeded 600K BTC at peak levels. Price movements followed a downward trend alongside this selling activity.
After this heavy distribution phase, net positions moved to a neutral range by early February. The market entered a consolidation phase as selling pressure subsided. Holder behavior shifted gradually as the trendline approached equilibrium. These movements suggest that experienced investors adjusted their strategies based on price performance.
Accumulation Phase and Market Trends
In late February, the chart shows a clear transition to accumulation. Green bars replaced red ones, indicating that long-term holders began re-entering the market. Accumulation strengthened as the month progressed, with net inflows reaching 167,477 BTC by March 16, 2025. This phase suggests renewed confidence among seasoned investors.
The accumulation phase aligns with historical patterns where buying often precedes price stabilization. Investors appear to be positioning themselves ahead of potential market recoveries. The data reflects a deliberate move from distribution to building a long-term position. These trends underscore the shift in market sentiment among experienced Bitcoin holders.
Potential Price Support and Future Outlook
The ongoing accumulation may provide price support in the range of $80K to $85K. If buying pressure continues, Bitcoin could stabilize within this support zone. This level may act as a foundation for future upward movements. The steady inflow of BTC enhances market stability.
Should accumulation persist, Bitcoin may attempt to reclaim higher levels above $100K. Experienced holders are expected to continue monitoring net positions closely. The observed trends may influence future market behavior and price recovery. With clear shifts in accumulation patterns, the market remains alert to future price actions and long-term trajectories.
