Glassnode: Bitcoin Long-Term Holders Have Returned to Accumulation Phase

CoinFeed July 2 news, according to CoinDesk report, Glassnode data shows that Bitcoin long-term holders have shifted from net distribution to net accumulation, and the 30-day net position change has turned positive, with the current net accumulation scale at approximately 50,000 to 100,000 BTC. Glassnode pointed out that the sustained shift of long-term holders from net distribution to net accumulation usually occurs during periods of market weakness, with long-term investors gradually increasing their holdings while short-term participants reduce risk. From the accumulation trend score, the smallest holders (less than 1 BTC) have scores close to 0.8 to 0.9, medium holders (100 to 1,000 BTC) are also near that range, the 1 to 10 and 10 to 100 BTC cohorts score around 0.6 to 0.7, the 1,000 to 10,000 BTC cohort about 0.5 to 0.6, and the largest whales (over 10,000 BTC) remain near neutral.