Long-term Bitcoin holders have begun accumulating again after years of consistent distribution during price increases.
During bull markets, holders often sell to lock in profits, leading to a decrease in the share of Bitcoin held by older wallets.
Recent data indicates a reversal in the trend, with fewer coins from 1 to 5 years being moved or sold, signaling growing conviction among medium-term holders.
This renewed accumulation suggests a shift in market sentiment towards longer holding periods, potentially indicating faith in Bitcoin's long-term potential.