COINOTAG News, May 7th – Recent analytics from Glassnode reveal a noteworthy trend among both Bitcoin Short-Term Holders (STH) and Long-Term Holders (LTH), as accumulation patterns shift. The LTH cohort, defined as those holding Bitcoin for over 155 days, has been steadfast in their buying strategies since early March, accumulating more than 250,000 BTC. This surge has elevated their total holdings to over 14 million BTC, a signal that market sentiment may be on the upswing. Analysts at Glassnode emphasize that this accumulation trend underscores a fading tendency among holders to engage in sell-offs for hedging.
In a contrasting move, STHs, typically characterized by their short-term trading strategies, have begun to accumulate as well, adding over 25,000 BTC in just the last week. This shift follows a substantial sell-off exceeding 200,000 BTC noted since February 2025, coinciding with Bitcoin’s considerable 30% price decline. Currently, Bitcoin is trading around $97,000, indicating a potential revival in investor confidence. Nonetheless, Glassnode highlights a critical resistance barrier at $99,900, suggesting that profit-taking may intensify as LTH unrealized gains near 350%, necessitating robust buying activity to sustain upward momentum.