Data: Long-term Bitcoin holders have increased their holdings by more than 250,000 BTC in the past two months

Odaily News Enmanuel Cardozo, an analyst at RWA tokenization platform Brickken, said that although Bitcoin may experience short-term downside, the rebound after the FOMC meeting is a positive signal for market participants. He believes that investors should focus on the accumulation of long-term Bitcoin holders rather than short-term fluctuations to judge the trend of Bitcoin and added: "As seen in the on-chain data, long-term holders continue to increase their holdings, and these holders are quietly accumulating."
Glassnode data shows that the BTC holdings of long-term Bitcoin holders increased by more than 250,000 BTC in less than two months, from 13.1 million BTC on February 11 to more than 13.3 million BTC on March 22. (Cointelegraph)