Short-Term Bitcoin Holders Show Unusual Accumulation

Bitcoin (BTC) is witnessing a notable shift in investor behavior this April, with both short-term and long-term holders increasing their positions, despite the cryptocurrency sitting 25% below its all-time high.

According to Glassnode, short-term holders—investors holding BTC for less than 155 days—are typically more reactive to market volatility. They often buy in euphoric rallies and sell during corrections. However, in an unexpected move, this cohort has become more value-driven, accumulating over 15,000 BTC since the start of April. Their current holdings exceed 3.7 million BTC.

While this shows growing confidence, it follows a distribution of 280,000 BTC since February, likely due to profit-taking after the November–December rally and panic selling during the sharp 30% correction from January highs.

Long-Term Holders Continue Accumulating BTC

In contrast, long-term holders—those holding for 155+ days—have shown consistent buy-and-hold conviction. Since February, they’ve added 400,000 BTC, raising their total stash to over 13.5 million BTC.

Although accumulation has slowed in April, the data suggests that long-term investors view recent price stagnation as an opportunity rather than a threat. Their growing reserves reflect a steady belief in Bitcoin’s long-term value, despite broader macro uncertainty and market volatility.

Bitcoin Steady as Nasdaq Faces Downward Pressure

While Bitcoin has held relatively flat in April, the Nasdaq has dropped 3.5%, with futures signaling an additional 3% downside. This divergence indicates a possible decoupling of Bitcoin from traditional tech stocks, often considered a bellwether for risk-on sentiment.

The recent lack of a major catalyst has led to subdued BTC price action, but increased accumulation from both short- and long-term holders suggests underlying market resilience.

What It Means for Bitcoin’s

The conviction shown by both investor groups paints a bullish picture for Bitcoin’s medium- to long-term trajectory. The return of long-term holders to accumulation mode, combined with unusually confident short-term buyers, signals that market participants are preparing for the next leg up.

With macroeconomic conditions still uncertain, and equity markets under pressure, Bitcoin’s role as a non-correlated asset may further attract institutional and retail investors alike.