Bitcoin (BTC) Surge to $85,000 Possible as Long-Term Holders Ramp Up Accumulation

Leading coin Bitcoin has had a turbulent past few weeks, with its price troubles prompting many short-term investors—often referred to as “paper hands”—to exit the market.   However, amidst the price volatility, the coin’s long-term holders (LTHs) remain resolute and show no signs of backing down as they attempt to push BTC back above $85,000. How soon can they realize this? Bitcoin Long-Term Holders Shift From Selling to Stacking In a recent report, CryptoQuant analyst Burak Kesmeci assessed BTC’s Long-Term Holder Net Position Change (30d sum) and found that since April 6, the metric has turned positive, showing clear upward momentum. As a result, Kesmeci wrote, BTC has risen by approximately 12% source: https://beincrypto.com/bitcoin-long-term-holders-ramp-up-accumulation/