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Bitcoin’s long-term holders have resumed accumulation in what’s a notable shift in investor sentiment despite the turbulence that has gripped the market in latest weeks. Notably, knowledge from on-chain analytics platform Glassnode reveals that the “BTC: Lengthy-term holder internet place change” metric has flipped optimistic for the primary time this yr. This means that long-term Bitcoin traders are capitalizing on market circumstances so as to add vital quantities of BTC to their holdings.
Lengthy-Time period Holders Add 167,000 BTC Amid March Crash
Earlier this month, Bitcoin’s worth plunged from above $90,000 to round $80,000 throughout a speedy sell-off. This worth surprised many merchants and triggered a steady wave of liquidations amongst short-term traders. But regardless of this steep correction, long-term holders handled the sub-$90,000 ranges as a buying opportunity quite than a purpose to capitulate.
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In different phrases, cash are shifting into wallets that haven’t spent their BTC in a very long time, which is a notable reversal after starting 2025 with a negative internet place change. This marks the primary internet accumulation by these “HODLers” in 2025. Glassnode’s Lengthy-Time period Holder Internet Place Change metric, which had been within the purple, flipped “inexperienced” as long-term traders aggressively collected via the downturn.
On-chain knowledge reveals that this flip to inexperienced has seen long-term holders increase their internet Bitcoin holdings by greater than 167,000 BTC up to now month. This notable inflow is valued at almost $14 billion. Briefly, the cohort of seasoned holders started scooping up low-cost BTC whereas short-term sentiment was at its bleakest.
Is A Bitcoin Value Restoration Brewing?
The timing of this flip from purple selloff to inexperienced accumulation amongst long-term holders is placing, contemplating what the Bitcoin worth went via up to now two weeks. This knowledge means that a big a part of the Bitcoin crash was brought on by panic-selling among short-term holders. This habits aligns with previous market cycles between August and September 2024, the place long-term holders collected aggressively throughout a worth dip.
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Apparently, Glassnode’s long-term holder metric isn’t the one one pointing to optimistic Bitcoin sentiment amongst giant holders. After weeks of uncertainty, Bitcoin exchange-traded funds (ETFs) have began seeing net inflows again. On March 17, spot Bitcoin ETFs collectively drew in about $274.6 million, the biggest single-day influx in 28 days and a transparent sign of renewed investor curiosity.
The very subsequent day introduced one other wave of contemporary capital, with roughly $209 million pouring into Bitcoin funds on March 18. In reality, this three-day streak represents the primary sustained run of optimistic inflows since February 18, a interval throughout which Bitcoin funds have skilled consecutive days of outflows.
On the time of writing, Bitcoin is buying and selling at $83,500.
Featured picture from Unsplash, chart from Tradingview.com