PANews reported on April 24 that according to Glassnode data, as the price of Bitcoin rebounded above $90,000, long-term holders (LTHs) showed firm conviction, with the increase in holdings exceeding the sales of short-term holders. Since January this year, long-term investors have increased their holdings by 635,340 Bitcoins, bringing the total holdings to 13,755,722. Despite the rebound in Bitcoin prices, 2.6 million Bitcoins are still in a loss, reflecting the continued resistance faced by investors who bought above $95,000.

Data shows that for every 1 Bitcoin sold by short-term holders, long-term holders increased their holdings by 1.38. It is reported that long-term holders usually increase their holdings when the market is weak and sell when the market is strong.