The Bitcoin
$
94,289market is experiencing a notable divergence between short-term and long-term investors. On-chain data indicates that long-term holders of BTC are beginning to accumulate again, while short-term investors are increasing their sales. This behavioral difference signals a potential new recovery phase for the market.
Long-term Investors Begin Accumulation
Recent data reveals that investors holding BTC for over 155 days are starting to increase their positions. The Net Position Change indicator for long-term investors has moved into positive territory for the first time since the recent local peak. This indicates that seasoned investors, familiar with market cycles, are stepping back into buying after a prolonged selling phase.
Bitcoin Investors
This group typically does not react to sudden price movements. Their decisions are based on a strategic and patient approach rather than speculation. They increase their market positions through gradual purchases over time instead of sudden, large buy-ins. Consequently, this activity may signify a strengthening of the market fundamentals.
Additionally, this type of investor usually steers clear of panic selling. Instead, they view price dips as opportunities. Therefore, the accumulation process of long-term investors tends to emerge during periods close to market bottom levels.
Short-term Investors in Panic Mode
On the other hand, investors holding BTC for less than 155 days continue to sell. Among this group, net outflows have intensified. Such movements often occur during periods of high market fear when prices enter a declining trend.
Short-term investors often exhibit emotional behavior. They are sensitive to volatility and quickly exit their positions. The intense selling wave observed during recent declines signals a significant loss of confidence within this group. These types of panic sales have historically been seen when the market approaches local bottom levels. Therefore, the current scenario may provide a strong signal that history is repeating itself.