Bitcoin's Long-Term Holders Increase Accumulation Amid Market Fluctuations

According to Odaily, Brickken analyst Enmanuel Cardozo has indicated that while Bitcoin may face short-term declines, the rebound following the FOMC meeting is a positive signal for market participants. Cardozo suggests that investors should focus on the accumulation by long-term Bitcoin holders rather than short-term volatility to assess Bitcoin's trend. He added, "As seen in on-chain data, long-term holders continue to accumulate quietly." Glassnode data reveals that the Bitcoin holdings of long-term holders have increased by over 250,000 BTC in less than two months, rising from 13.1 million BTC on February 11 to over 13.3 million BTC by March 22.