Glassnode: Long-term investors have increased their holdings by 635,000 BTC since January

Odaily Planet Daily News According to Glassnode data, as the price of Bitcoin rebounded above $90,000, long-term holders (LTHs) showed firm conviction, with increases in holdings exceeding sales by short-term holders. Since January this year, long-term investors have increased their holdings by 635,340 bitcoins, bringing their total holdings to 13,755,722. Despite the rebound in Bitcoin prices, 2.6 million bitcoins are still in a loss, reflecting the continued resistance faced by investors who bought above $95,000. Data shows that for every 1 bitcoin sold by short-term holders, long-term holders increase their holdings by 1.38. It is reported that long-term holders usually increase their holdings when the market is weak and sell when the market is strong. (CoinDesk)