Bitcoin Long-Term Holders Add Over 880K BTC In 30 Days – Conviction Growing
As fear spreads, investors are now questioning whether Bitcoin can maintain key support levels or if more downside is imminent. However, on-chain data paints a different picture. According to insights from CryptoQuant, Bitcoin long-term holders (LTHs) added 881,578 BTC over the past 30 days — a significant accumulation streak. This behavior reflects strong conviction among seasoned participants, reinforcing the view that long-term demand remains intact despite short-term turmoil.
Price action shows increased volume on the recent sell-off, signaling heightened investor reaction to the geopolitical tensions triggered by the Israel-Iran conflict. However, the bounce off the $103,600 level suggests that bulls are defending this area, and it continues to serve as a key structural support. The question is will BTC continue to break down or it will rise again ?? #MarketPullback #BinanceHODLerHOME #BTC110KSoon? #IsraelIranConflict $BTC