TechFlow reports, according to a recent Glassnode report, despite the digital asset market experiencing its largest downturn in this cycle, long-term holders (LTH) of Bitcoin are resuming accumulation. Data shows that 374,000 bitcoins have transitioned into long-term holding status over the past three months.
Glassnode noted that although the market's technical indicators show a downward trend, active investors' cost basis remains below the current spot price, indicating positive expectations toward short- to medium-term market momentum.
In addition, the spending risk ratio among long-term holders remains low, suggesting this group of investors is waiting for higher prices before increasing selling pressure. Glassnode believes these signs indicate that despite challenging market conditions, Bitcoin long-term holders continue to demonstrate strong conviction, patience, and resilience.
