Bitcoin Buying Heats Up in April as Bargain Hunters Step In, While Seasoned Holders Refuse to Flinch

Bitcoin Investors Show Renewed Confidence as Market Dynamics Shift in Early April

Bitcoin’s (BTC) investor landscape is showing a notable shift, with both short-term speculators and long-term holders displaying confidence despite recent market turbulence.

Data from Glassnode reveals that short-term holders—investors who typically hold BTC for less than 155 days—have resumed accumulation. Historically known for chasing momentum, this group has recently added approximately 15,000 BTC since the start of April, even as the asset remains 25% below its record high. Their total holdings now exceed 3.7 million BTC.

This accumulation comes after a significant distribution phase that saw short-term holders shed nearly 280,000 BTC since February. That wave of selling included profit-taking from the Trump-fueled November-December rally, as well as panic exits during Bitcoin’s 30% slide from its January peak.

Meanwhile, long-term holders—those who’ve held BTC for at least 155 days—have quietly strengthened their positions. Since February, they’ve accumulated an additional 400,000 BTC, with modest continued buying into April. Their total stash now stands at over 13.5 million BTC, underscoring unwavering conviction amid price consolidation.

While Bitcoin has remained relatively stable in recent days, traditional equity markets are showing signs of strain. The Nasdaq is down 3.5% month-to-date, with futures indicating more losses ahead, setting BTC apart as a relatively stable player in a broader risk-off environment.