According to CryptoQuant, long-term investors (who hold BTC for 155+ days) have added 300,000 BTC to their balances over the past 20 days, which is about $3.3 billion at the current exchange rate.
The total volume of BTC held by holders is 14.6 million, or 73.5% of the total issue. The remaining 26.5% belongs to short-term players, who create downward pressure on the price when taking profits.
Axel Adler (CryptoQuant):
"The volume of BTC sold among holders is the lowest since September 2024. This is a bullish signal."
While short-term investors are selling off the asset, holders continue to accumulate, demonstrating confidence in long-term growth.