Long-term Bitcoin holders have resumed accumulation, adding over 363,000 BTC since mid-February after earlier sell-offs.Whales with 1,000+ BTC showed peak accumulation in early April, signaling confidence in the current price zone.Short-term holders are showing caution, with low spending activity—but could trigger downside if panic selling starts.Market sentiment remains in “Fear” territory, suggesting investors are uncertain despite strong on-chain accumulation trends.