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A recent Bitfinex Alpha report reveals a significant shift in Bitcoin ownership, highlighting a 55% surge in holdings by short-term investors, from 2.2 million BTC in January to 3.4 million by mid-April. This increase, predominantly fueled by the burgeoning popularity of spot Bitcoin ETFs, reflects a robust investment trend at the current market price levels.
Despite potential volatility from short-term ownership, long-term Bitcoin holders exhibit unwavering confidence, maintaining their investments steady with nearly unchanged balances from the previous year. After reaching a peak of $73,666 in March, long-term investors have resumed accumulating, indicating strong belief in Bitcoin’s value stability and growth potential.
The contrasting dynamics between short-term spikes and long-term accumulation underscore a broader bullish sentiment in the Bitcoin market, suggesting a solid foundation for future valuation, akin to previous bull markets. This trend is further reinforced by Bitcoin whales who continue to increase their stakes, reminiscent of pre-2020 activity.
