PANews reported on May 7 that according to CoinDesk: Glassnode data shows that both short-term Bitcoin holders (STH) and long-term Bitcoin holders (LTH) are increasing their holdings. LTH refers to investors who hold BTC for more than 155 days, and STH refers to investors who hold BTC for less than 155 days. Since the beginning of March, LTH has continued to accumulate, and has increased its holdings by more than 250,000 BTC, with total holdings exceeding 14 million. This shows that market confidence is recovering and the accumulated momentum exceeds investors' tendency to sell for risk aversion. Although STH usually operates in the opposite direction of LTH, STH has also increased its holdings by more than 25,000 BTC in the past week, reversing the trend of a net reduction of more than 200,000 BTC since February 2025. This reduction cycle coincides with the starting point of Bitcoin's 30% correction.

Currently, Bitcoin is hovering around the $97,000 mark, and the phenomenon of increasing holdings across the market shows that investors' confidence has been restored. However, Glassnode pointed out that there is a major resistance level of $99,900. When LTH's unrealized profit reaches 350%, it may trigger profit-taking, and the selling pressure will intensify. Strong buying is needed to absorb the selling pressure to maintain the upward momentum.