Analysis: Long-term holders of Bitcoin have increased their holdings by 400,000 BTC since February, and market confidence remains strong.

Odaily News Since the beginning of April, the market confidence of both short-term and long-term Bitcoin (BTC) holders has seen an unusual rise. Glassnode data shows that the number of Bitcoins held by short-term holders (users holding Bitcoin for less than 155 days) has increased by approximately 15,000 since early April, with the total holding slightly above 3.7 million. Long-term holders (those who have held for at least 155 days) have increased their Bitcoin reserves by 400,000 coins since February, and have purchased a small amount of Bitcoin this month, bringing their total holdings to over 13.5 million coins, indicating that even in the recent price stagnation, the confidence of long-term holders continues to strengthen. (CoinDesk)