Bitcoin’s price has been on a rollercoaster lately, but it seems to be recovering. New data suggests a key group of investors might be the reason.
Long-Term Holders Are Back in Action
A crypto analyst, Burak Kesmeci, noticed something interesting: long-term Bitcoin holders (LTHs) – those who hold onto their Bitcoin for a long time – have started buying again. He looked at a metric called the “Long-Term Holder Net Position Change.” This basically shows whether LTHs are buying more Bitcoin than they’re selling.
For the past six months, LTHs were mostly selling. Things hit a low point in December 2025, with a huge sell-off coinciding with a big drop in Bitcoin’s price. But things changed around April 6th, 2024. The metric turned positive, meaning LTHs started buying more. This coincided with a 12% jump in Bitcoin’s price. This price jump also happened around the time President Trump paused some trade tariffs.
Is This the Start of a Bull Run?
Kesmeci isn’t sure if this is just a temporary bounce or the beginning of a longer upward trend. While the positive buying from LTHs is encouraging, he cautions that more buying is needed to confirm a sustained rally.
Bitcoin’s Current Price
At the time of writing, Bitcoin is trading around $83,400, up about 5% in the last 24 hours. Over the past week, it’s roughly flat, but that doesn’t tell the whole story – it dropped to around $74,000 earlier in the week before recovering.
