$ETH Bullish signal for bitcoin: hodlers resume long-term buying

Long-term investors are betting on bitcoin. Source: Grok.

Short-term bitcoin holders show capitulation and lack of confidence.

This setup may serve a future price recovery.

The bitcoin (BTC) market exhibits a change in dynamics that captures the attention of investors.

On-chain data reveals a marked contrast between the behaviors of long-term and short-term bitcoin holders, suggesting the start of a re-accumulation phase.

This movement, accompanied by a price rally and increasing activity in derivatives, raises the possibility of a sustained recovery, despite recent geopolitical tensions.

Long-term hodlers are back in action

Long-term holders (LTH), those who hold bitcoin for more than 155 days, have resumed accumulation.

According to data from CryptoQuant, the Net Position Change for LTH has moved into positive territory for the first time since the last local peak. In simple terms, this means that these investors, who usually hold their bitcoins for months or years, are buying more than they are selling.