<ul data-eligibleForWebStory="true"><li>Bitcoin long-term holders are engaging in heavy accumulation, as indicated by the Long-Term Holder Net Position Change chart.</li><li>Accumulation phases typically foreshadow price movements or show confidence in Bitcoin's long-term value.</li><li>The chart depicts a notable increase in net position change coinciding with Bitcoin's price growth, boosting bullish sentiment for holders.</li><li>Bitcoin Dominance (BTC.D) is on the rise, making it tough for altcoins to compete, partly fueled by treasury purchases of BTC.</li><li>Altcoins are facing challenges from token unlocks and weak momentum, with an Ethereum short squeeze failing to uplift the broader altcoin market.</li><li>Investors are advised to be cautious with altcoin exposure, as many are expected to underperform Bitcoin over time.</li><li>The market is favoring Bitcoin with increasing dominance and strong accumulation by long-term holders, signaling potential difficulties for altcoins without a sentiment or liquidity shift.</li></ul>

Bitcoin Dominance Strengthens as Long-Term Holders Accumulate Heavily

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