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Bitcoin Long-Term Holders Are Buying Again — Can They Push BTC Price Higher?

  • Bitcoin long-term holders (LTHs) are becoming more active in the market, leading to a relative stability in BTC amidst recent macroeconomic chaos.
  • The Long-Term Holder Net Position Change (30-day sum) metric shows a positive shift, indicating long-term investors are accumulating BTC.
  • This positive change in LTH behavior has coincided with a recent 12% jump in the Bitcoin price, reaching above $81,000.
  • However, further conviction from long-term investors is needed to sustain a major rally in the current market state.

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