Glassnode: Bitcoin long-term holders enter position-increasing mode for the first time since December last year

ChainCatcher news, according to Glassnode reports, long-term Bitcoin holders have begun to re-enter the accumulation mode for the first time since December 2023 after months of selling, indicating that volatility is needed to stimulate any new round of selling waves.

Analysts also pointed out that Bitcoin's price action in the past three months has been more moderate than in previous bull cycles. According to Glassnode data, Bitcoin's weekly, monthly and quarterly gains have exceeded 3.3%, 7.4% and 25.6% respectively in the past three months, and only 5 days in the past 90 days. In previous cycles, this number reached 18 to 26 days, indicating that the current market may be more cautious relative to historical bull markets.