Bitcoin Veterans Are Reloading: A Signal Not to Be Ignored
Bitcoin is struggling, but it is not collapsing. Traditional markets are unstable due to global tensions and tariffs. Long-term holders, a group known in crypto, are starting to buy again. This offers some hope in a tough time.
These seasoned Bitcoin traders are sending quiet, yet important signals.
Bitcoin news: CryptoQuant data shows a change. The "Long-Term Holder Net Position Change" tracks wallets inactive for over 155 days. On April 6, it became positive for the first time in six months. These investors sold a lot during the crypto winter, with 827,750 BTC leaving in December.
The price of Bitcoin dropped 32% during that period.
Now, long-term holders are buying again. The market has responded with a 12% increase. Analyst Burak Kesmeci noted this shift on X.
He suggested this could signal a trend change if the indicator stays positive and grows.
Another key figure supports this. 63% of bitcoins have not moved in over a year. This shows that experienced investors remain confident despite market problems.
This positive trend is still weak. Bitcoin has risen above $83,000, but struggles to keep rising. Volatility is high, and positive signs are few. Caution is still advised. CryptoQuant data shows Bitcoin is in one of its least bullish phases since November 2022. Only one of ten indicators on the Bull Score index is active.
The trade war adds to the uncertainty. A customs break declared by Trump has calmed markets. It stops new taxes for 90 days, except for China. But doubts remain, and a new trade war could disrupt everything.
Still, there is some optimism. Analyst Sina believes "75 to 80% of the correction is already behind us." He thinks Bitcoin is "significantly de-risked." His models suggest $70,000 is the worst-case price. This level acts as a support and a chance for patient investors.