Bitcoin Accumulation Strengthens as BTC Approaches Key Resistance

Bitcoin (BTC) is now up 3% since the beginning of May, after gaining 14% gain in April. Inflows into BTC exchange-traded funds (ETFs) have accelerated over the past two weeks, while consistent bitcoin treasury accumulation continues to support the market. From an on-chain perspective, Glassnode data shows that both short-term holders (STHs) and long-term holders (LTHs) have increased their supply holdings, LTHs since early March, while STHs have begun accumulating over the past week.Glassnode defines LTHs as investors who have held BTC for 155 days or more, while STHs have held for less than 155 days source: https://www.coindesk.com/markets/2025/05/07/bitcoin-accumulation-strengthens-as-btc-approaches-key-resistance