Long-term holders are back in accumulation mode — and the market has felt it: +12% since that shift.
This behavior aligns with another striking metric: 63% of all circulating Bitcoin hasn’t moved in over a year.
A new record, and a clear signal that whale conviction remains strong despite ongoing macroeconomic uncertainty.
Key Takeaways
Long-Term Holders' Net Position Change turned positive again as of April 6;
- 63% of all circulating BTC hasn't moved in over a year — a record level;
- +12% rebound since the U.S. rate pause;
- Derivatives markets are cooling down, indicating deleveraging;
BTC price is consolidating between $74,000 and $84,000.
Bitcoin's recovery appears to be built on stronger foundations than in previous rebounds.
However, for this momentum to evolve into a sustained trend, a clear catalyst is still needed — whether it’s macroeconomic relief, institutional inflows, or a disruptive event. For now, that key catalyst remains absent.
Seen at Cointribune
#BTC #whale