Long-Term Bitcoin Holders Accumulate 33,000 BTC as Market Sentiment Shifts

The recent trading period has revealed a significant turning point in whale behavior. After disposing of over 1 million Bitcoin during the latest market pullback, the largest liquidation wave originating from this cohort since 2019, long-term accumulation patterns have begun reversing course. The 30-day rolling net change has now swung into positive territory, with holdings climbing by approximately 33,000 BTC cumulatively.

This pivot marks a critical transition point in the current bull cycle. The accumulation resurgence reflects a gradual shift in market dynamics, where fresh capital entering the ecosystem is progressively establishing multi-year holding positions rather than engaging in shorter-term trading strategies. With on-chain data showing over 55 million addresses holding Bitcoin, this 33,000 BTC increase represents renewed conviction among seasoned participants.

Today’s repositioning echoes earlier phases of this cycle. Long-term holders executed comparable sell-off events during March and November 2024, demonstrating a cyclical pattern of profit-taking followed by renewed accumulation. Each of these episodes corresponded with market pressure points, yet subsequent recoveries have consistently rewarded patient capital holders.

The significance of this current accumulation phase lies in its timing. As newer market participants continue building positions that may mature into longer-term holdings over subsequent years, the confluence of whale buying and retail accumulation could signal underlying strength. The 33,000 BTC net increase, though modest relative to total supply, carries outsized importance given its source—those with the deepest pockets and longest time horizons.