Glassnode: Long-term investors have increased their holdings by 635,000 BTC since January, bringing their total holdings to 13.756 million

PANews reported on April 24 that according to Glassnode data, as the price of Bitcoin rebounded above $90,000, long-term holders (LTHs) showed firm conviction, with the increase in holdings exceeding the sales of short-term holders. Since January this year, long-term investors have increased their holdings by 635,340 Bitcoins, bringing the total holdings to 13,755,722. Despite the rebound in Bitcoin prices, 2.6 million Bitcoins are still in a loss, reflecting the continued resistance faced by investors who bought above $95,000.

Data shows that for every 1 Bitcoin sold by short-term holders, long-term holders increased their holdings by 1.38. It is reported that long-term holders usually increase their holdings when the market is weak and sell when the market is strong.