Bitcoin’s long-term holders have resumed accumulating the cryptocurrency after months of selling, signaling a potential shift in market sentiment. Data shows a sharp reversal in February 2026, with seasoned investors buying again. Meanwhile, spot Bitcoin ETFs recorded significant inflows, suggesting continued institutional confidence despite ongoing price volatility.
Richard Teng, CEO of Binance, shared a chart illustrating a cyclical pattern between Bitcoin price and long-term holder supply. “When price surges fast, long-term holders sell. They take profit. The yellow line falls. When price cools, they return. They buy back. The line rises again.”
Through late 2025 and early 2026, Bitcoin’s price moved with hesitation and long-term holders distributed heavily. Data shows that selling stopped and supply turned upward sharply in February 2026, indicating conviction from seasoned holders.
Current price action remains fragile, with Bitcoin trading in a tight range between $65,000 and $70,000 according to Glassnode. However, institutions appear to be stepping in during this uncertainty.
Data tracked by Unfolded shows spot Bitcoin ETFs pulled in $471.3 million in net inflows on April 6 alone. This pattern suggests accumulation is building under the surface of sideways price movement.
