The Bitcoin (BTC) market shows a shift in dynamics that attracts investors’ attention.
data On-chain reveal The contrast characterized between the behaviors of long-term and short-term holders of Bitcoin suggests the beginning of a re-accumulation phase.
The move, accompanied by increased price rebounds and derivative activity, increases the chances of a sustained recovery despite recent geopolitical tensions.
Long-term Hodler returns to load
Long-term holders (LTH) who have maintained Bitcoin for more than 155 days have resumed accumulation.
According to encrypted data, LTH’s net position changes have moved to positive land for the first time since the last local peak. Simply put, This means that these investors who normally hold Bitcoin for months or years are buying more than they sell.
This change ends the period in which these forks gradually sold positions known as “sustained distribution.” His decision to buy again reflects a calculated strategy based on his trust in Bitcoin’s future value. “His activities usually show a macro conviction rather than a speculative move,” says Cryptoquant.
Suspension between short-term bitcoin holders
On the contrary, short-term holders (STHs) who keep BTC below 155 days will show signs of surrender.
His online outings are in “deeply negative territory.” In other words, they sell more bitcoin than buyers. This shows that these investors, who normally enter and exit the market, are probably removing bitcoin for fear that prices will continue to fall.
These sales are usually driven by price instability and lack of trust. Historically, when STH sells this way, Bitcoin prices tend to approach a low point.
Configuration for recovery
Combination of accumulation by LTH and STH yield The start of the market re-accumulation phase is usually.
“This dynamic allows us to build bases for price recovery while long-term holders continue to increase positions and short-term offers are declining,” explains Cryptoquant.
Short-term price actions may remain unstable; The basics suggest constructive scenarios for Bitcoin in the medium and long term.
Bitcoin derivative prices and boom rebound
Bitcoin prices responded to this dynamic with a surprising rise. On Monday, BTC surpassed $87,000 resistance. It reached $94,700 this Wednesday. This is a level not seen in almost two months, not seen before returning to $93,000.
In the last 24 hours, Prices rose 2.3%, up 9% over the past seven days.
Furthermore, the derivatives market shows a new dynamism. According to GlassNode, Open profits (OI) in Bitcoin futures rose from 36.2 billion to $38.6 billion between Monday and Tuesdayan increase of 2.4 billion in less than 36 hours, as reported in Cryptootics.
This level is the highest since the end of March, but shows more aggressive positioning by traders. The increase in OI reflects new participants entry and strengthening existing positionswhich suggests greater confidence in the upward trend.
The impact of geopolitical tensions
Despite positive signals, the market is not exempt from the challenge. Recent Statement from the President of the United States, Donald Trump, In a more reconciliatory position with China in commercial negotiations, they pushed the price of digital currency..
Trump announced that tariffs on Chinese goods will be “severely reduced, but not zero.” On April 2nd, the president implemented a reciprocal tariff system that imports from nearly 60 countries. US tariffs reached up to 145% on Chinese exports, but Beijing responded with a 125% tax.
These tensions at the time caused a decline in Bitcoin prices due to recognition as a “risk” asset. They haven’t been preventing recovery this week.
Long-term Bitcoin strength
Bitcoin continues to show resilience thanks to its basic properties. sThe U shortage with a limited supply of 21 million units will place it as an attractive value reserve.
On top of that, Resistance to censorship, non-distinguishability, and ability to provide discretion to users makes it a unique asset In the context of economic crisis or geopolitical uncertainty.
These characteristics strengthen the trust of long-term Hodlers who are seeing a robust bet on market fluctuations in BTC.
(tagstotranslate)Bitcoin (BTC)
