In a fresh update, long-term Bitcoin holders are buying again. Recent on-chain data from Glassnode shows that experienced investors are increasing their BTC holdings after months of selling. The shift comes as Bitcoin trades near the $62,000 level as confidence gradually returns amid recent market uncertainty.
Long-Term Bitcoin Accumulation Returns
According to Glassnode, Bitcoin’s long-term holders have started rebuilding their positions after months of selling. As a result, the BTC Net Position Change metric has returned to positive territory, indicating that experienced investors are once again adding the asset to their portfolios.
Although the pace of accumulation remains below the strong buying seen during previous bull markets, the latest trend marks a clear shift in behavior. Instead of selling into market weakness, long-term holders are steadily absorbing more Bitcoin. Meanwhile, the apex cryptocurrency continues to trade near the $62,000 level after its recent correction. Rather than viewing the pullback as a reason to exit, seasoned investors appear to see current prices as an opportunity to accumulate more BTC.
Historically, this type of shift has often appeared during market downturns. While short-term traders reduce risk and sell their holdings, long-term investors gradually increase their exposure. Consequently, their return to accumulation signals improving confidence in Bitcoin’s long-term outlook and strengthens the market’s recovery narrative.
Accumulation Returns Across Nearly Every Bitcoin Wallet Size
Meanwhile, the return of long-term buyers has coincided with renewed accumulation among Bitcoin’s largest holders. Fresh data from Alphractal, shared by crypto analyst Ali Martinez, shows that whale wallets have also resumed buying BTC. The latest figures reveal a clear change in market sentiment over the past month. After an extended period of selling during Bitcoin’s recent pullback, investors across the network have started increasing their exposure again.
Notably, this buying activity spans almost every major wallet category. Retail investors holding less than 1 BTC and wallets with between 10 and 100 BTC have emerged as the most active buyers, steadily increasing their accumulation throughout the last 30 days. At the same time, entities holding between 1,000 and 100,000 BTC have ended their selling streak and returned to net accumulation.
Although these large holders continue to add Bitcoin at a measured pace, their shift suggests growing confidence in the market’s long-term outlook. Historically, markets have often found a durable bottom when both retail investors and whales accumulate simultaneously. If this broad-based buying continues, it could strengthen Bitcoin’s price support and lay the groundwork for a longer-term recovery.
Bitcoin Eyes $62,000 as Analyst Watches $65,000 Breakout Level
Meanwhile, Bitcoin is attempting to reclaim the $62,000 level after spending several weeks trading within a narrow range. The recent move higher has renewed optimism among investors, but some analysts remain cautious about the market’s next direction.
Market analyst Ted Pillows believes the latest rally represents a short-term relief bounce rather than the start of a sustained uptrend. According to him, such rebounds often follow Bitcoin’s correction of around 30%.
As a result, Pillows argues that Bitcoin must reclaim the $65,000 level before confirming a stronger bullish trend. Until then, he expects the market to remain vulnerable to further volatility despite improving on-chain accumulation signals.
The CoinRemark Team
Josiah Oluwadare
