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Are Bitcoin's long-term investors buying again?
Are Bitcoin's long-term investors buying again? Looking at the last 6 months, there was a clear wave of selling. Long-term holders (LTHs) slowly distributed their coins while the price was high. But something changed after January 12, 2026. Buying returned, but is it enough? When the price dropped to the 62-68K range, LTHs stopped selling and started accumulating. The YTD data makes this very clear. Daily average accumulation climbed to 115 BTC, while selling pressure nearly vanished. The most patient hands in the market started putting skin in the game. The real question: Can these LTH purchases push the price higher? The answer to both questions is no — neither enough, nor capable of pushing price up. LTHs are buying, but there's no momentum. Whether this accumulation gains traction in the coming weeks is the key signal to watch. Because historically, this pattern lines up with the calm before a major move. At the very least, we can say the LTH selling pressure is over — for now.