Bitcoin Long-Term Holders Accumulate 167,000 BTC Amid Market Turbulence

Bitcoin's long-term holders have resumed accumulation, marking a shift in investor sentiment. Data from Glassnode indicates that the "BTC: Long-term holder net position change" metric has turned positive for the first time this year, signaling increased buying activity among long-term investors.

Key Points

Long-term holders added over 167,000 BTC amid recent price fluctuations.
This accumulation follows Bitcoin's drop from above $90,000 to around $80,000.
Accumulated coins are moving into wallets that haven't been active recently.
The influx is valued at nearly $14 billion, with seasoned holders capitalizing on lower prices.
Recent panic-selling by short-term holders contributed to the market downturn.
Bitcoin ETFs experienced net inflows of approximately $274.6 million on March 17 and $209 million on March 18.
As of now, Bitcoin trades at $83,500.

Bitcoin Chart