Since early April, Bitcoin (BTC) has seen a notable surge in commitment from both short and long-term holders. According to data from Glassnode:

• Short-term holders, defined as those possessing Bitcoin for less than 155 days, have acquired an additional 15,000 BTC since the month’s beginning, confirming value-centric buying habits.
• Long-term holders have increased their total to more than 13.5 million BTC, reflecting a growing belief in the asset’s potential amidst a generally stagnating Bitcoin market and declining traditional markets in early April.

This significant activity among holders occurs even with Bitcoin trading approximately 25% below its historic peak. While the price has remained stable, the Nasdaq index has dropped by 3.5% in the same period, suggesting that Bitcoin investors are resilient amid broader market turbulence.

Additional Insights

• The increase in short-term holders holding approximately 3.7 million BTC demonstrates a shift to value-based acquisitions, countering trends of panic selling noted earlier.
• Long-term holders have notably added 400,000 BTC to their reserves since February, indicating a solidified trust in Bitcoin’s value potential.