Bitcoin Long-Term Holders Shift to Accumulation After Six-Month Selling Streak

On-chain data reveals a significant strategic shift among long-term Bitcoin holders, who have ceased profit-taking to resume active accumulation. This new buying phase began around January 12, 2026, marking the end of a persistent six-month period of selling pressure. Notably, the accumulation started while Bitcoin was trading above $80,000 and has persisted even as the price pulled back to the $66,800 level. This trend suggests that seasoned investors, often referred to as "smart money," view current price levels as attractive entry points despite recent volatility. By increasing their positions during price dips, these holders are effectively reducing the liquid supply of Bitcoin available on exchanges. Market analysts interpret this shift as a strong bullish signal that could provide a solid floor for Bitcoin's price moving forward.