Bitcoin Reaccumulation Absorbs Sell-Pressure, Stabilizing Market
- Long-term Bitcoin holders, holding for over 155 days, are re-accumulating after selling.
- Over 2 million BTC were distributed by long-term holders in two waves during the 2023-25 cycle.
- Three to six-month holders show increased wealth retention and hesitancy to sell.
- Selling by three to six-month holders is at its lowest since mid-2021.
- Bitcoin price is $85,151, with a 2.3% increase in the last 24 hours.
The reaccumulation of Bitcoin by long-term holders following significant sell-offs has helped stabilize market prices, as evidenced by the absorption of over 2 million BTC during recent cycles.
Source (2.6)https://dailyhodl.com/2025/04/01/strong-bitcoin-reaccumulation-absorbing-sell-pressure-according-to-analytics-firm-glassnode/?rand=59076
