How Bitcoin Holders’ Sentiment Split Signals Early Re-Accumulation Phase

As the broader crypto market begins to recover from recent lows, on-chain data reveals a growing behavioral divide between Bitcoin’s long-term and short-term holders. Its Long-term holders (LTHs) have resumed net accumulation for the first time since the last local top, while short-term holders (STHs) appear to be exiting the market. BTC LTHs Return to Accumulation as STHs Capitulate In a new report, pseudonymous CryptoQuant analyst IT Tech noted that a clear behavioral divide has emerged between BTC’s LTHs and STHs, suggesting the early formation of a re-accumulation phase. This is based on an assessment of BTC’s Net Position Change for Long-Term Holders (LTH), which, per the analyst, has now flipped positive for the first time since BTC’s last local peak source: https://beincrypto.com/bitcoin-holders-sentiment-re-accumulation-phase/