The Bitcoin correction phase has set a four -month minimum at 76,600 USD on March 11. Despite this inheritance, long -term owners still have vast amounts of BTC, which suggests “unique market dynamics,” says Modern Research.

“Long -term activity of the holder remains largely subdued, with a significant drop in pressure on the sales side,” Glassnode he said In the markets report on March 18.

Long -term owners show signs of stubbornness

Bitcoin’s recovery comes because sales pressure among long-term owners (LTH)-works that maintained bitcoins for at least 155 days-they start to disappear.

The binary expenditure indicator, the indicator used to determine when LTH issues a significant part of their resources in a lasting way, shows the slowdown (see the chart below), while the supply of LTH also begins to reflect after a few months of decline.

“He suggests that there is more readiness to store than issuing coins among this cohort,” Glassnode noted, adding:

“Perhaps this is a change in moods, and the owner’s long -term behavior is from distribution to sales.”

The tops on the bull market are often marked by intensive pressure on the sales side and mighty profits among LTH, which signals a complete change to bears.

However, despite the payment of Bitcoin in recent weeks, this group of investors still maintains a vast part of their profits, especially at this later stage of the cycle, said Glassnode.

This may suggest that long -term owners can still expect a higher BTC price later.

“This interesting observation may indicate more unique market dynamics.”

The modern accumulation of bitcoin whales transforms markets

Modern bitcoin whales, addresses of at least 1000 BTC, where each coin has an average acquisition age less than six months, aggressively accumulates, according to Cryptoquant.

This signals a mighty belief in Bitcoin’s long -term prospects among modern vast investors.

These portfolios have collectively acquired over 1 million BTC from November 2024, “placing as one of the most influential market participants”, ” he said An independent cryptochant analyst underwent an analysis of March 7.

The chart below shows that their pace has accelerated in recent weeks, “gathering over 200,000 BTC this month.”

“This lasting influx emphasizes the change in market dynamics, which suggests an increased institutional or high net value.”

Meanwhile, several cryptographic managers told CointeLgraph that the last fall in Bitcoin prices was a “normal correction” and the market is only waiting for a new narrative and a bicycle top.

But not everyone agrees. For example, the founder and general director of Cryptoquant Ki Young said that the Bitcoin bull cycle is over. He added:

“Waiting 6-12 months of price or side campaign”.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.