Market Analysis Shows Major Accumulation Pattern
In a significant shift in market sentiment, Bitcoin’s long-term holders have resumed accumulation for the first time in 2025, according to data from Glassnode. This development comes as Bitcoin tests crucial support levels around $80,000, demonstrating strong conviction from veteran investors despite recent market turbulence.
Key Findings from the Data
- Long-term holders added 167,000 BTC (approximately $14 billion) in March
- First positive net position change for long-term holders in 2025
- ETF inflows reached $274.6 million on March 17 – highest in 28 days
- Continued inflows of $209 million on March 18
Market Implications and Technical Analysis
The surge in long-term holder accumulation typically signals a potential market bottom and renewed confidence. Historical data shows similar accumulation patterns during previous market cycles, particularly during the August-September 2024 period, which preceded significant price appreciation.
Institutional Interest Growing
The positive shift in long-term holder sentiment coincides with renewed institutional interest through ETF vehicles. The three-day streak of positive inflows marks the first sustained run since February 18, suggesting broader market confidence is returning.
Expert Outlook
Market analysts suggest this accumulation pattern, combined with strong ETF inflows, could signal the end of the recent correction phase. With Bitcoin currently trading at $83,500, the strong hands appear to be positioning for potential upside ahead.