Bitcoin Short-Term Holders Buy the Dip in April, Long-Term Whales HODL

BlockBeats News, April 4th. According to Glassnode on-chain data, despite Bitcoin's price retracing 30% from its January all-time high and still being 25% below the peak, short-term holders have exhibited unusual value investing behavior. In the first four days of April, short-term holders have contrarily accumulated 15,000 BTC, sharply contrasting with the previous two months where they sold off 280,000 BTC (some profit-taking resulted from the Trump election-induced rally in November-December). Long-term holders have maintained their strong conviction, accumulating a total of 400,000 BTC since February, with a slight additional accumulation in April, surpassing a total holding of 13.5 million BTC (approximately 64.3% of the circulating supply).