Bitcoin holders boost accumulation in April as confidence builds
Long-term holders now own over 13.5 million BTC
Since the start of April, Bitcoin (BTC) has seen a notable shift in investor behavior, with both short-term and long-term holders ramping up their activity despite the asset trading roughly 25% below its all-time high.
This coordinated accumulation suggests renewed confidence among retail and institutional investors alike, even as broader equity markets falter, Coindesk informs.
According to on-chain analytics Glassnode, short-term holders—those who have held BTC for less than 155 days—have added 15,000 BTC in early April, pushing their total holdings to just over 3.7 million BTC.
This is a notable pivot from their usual trading behavior, as they historically react to market swings rather than adopt a long-term view. Their recent actions mark a turn toward value-driven accumulation, potentially in response to Bitcoin's recent price stability.
A unified push from short- and long-term investors
Short-term holders accumulate 15,000 BTC, shifting from reactive to value-based behavior. Long-term holders now own over 13.5 million BTC, increasing holdings by 400,000 BTC since February.
Bitcoin’s price remains flat in April, while Nasdaq drops 3.5%, with futures suggesting further losses.
While short-term holders have emerged as surprise buyers, long-term holders have continued to demonstrate resilience. Since February, this group—defined by holding BTC for 155 days or more—has added approximately 400,000 BTC, taking their total holdings above 13.5 million BTC. Their ongoing accumulation underlines a strong belief in Bitcoin’s long-term value, even amid temporary market stagnation.
That said, it's worth noting that Bitcoin miners suffer worst month, lose $6 billion.
Macro pressures and future outlook
The increased activity comes against a backdrop of broader market stress. The Nasdaq has declined 3.5% in April, with futures pointing to an additional 3% drop, highlighting Bitcoin’s relative resilience. Analysts view the synchronized buying activity as a signal that both retail and institutional investors may be positioning ahead of expected monetary shifts or upcoming halving events.
With conviction building across the investor spectrum and market conditions prompting a shift to value-based strategies, Bitcoin's stability may foreshadow a stronger role as a macro hedge. Market participants will be watching to see if this renewed accumulation leads to a breakout or a sustained period of consolidation.
We also reported earlier that Coinbase files application with CFTC for XRP futures.
