After a six-month drought of buying, long-term Bitcoin (BTC) holders have returned to accumulating the digital asset. Their positive net position change indicator signals hope for a market rebound. The recent climb in price, surpassing $83,615 since early April, may signal the turning point of this shift. This rally, though exciting, hinges on sustained accumulation from these long-term investors. Prior to this resurgence, Bitcoin experienced a sharp downturn following its November 2024 peak, leading to a dramatic price drop that saw its value fall almost 32% and even dipping below $75,000. This dip was largely blamed on the distribution of long-term BTC holders’ selling.