New data from Glassnode reveals that large-scale Bitcoin holders (wallets holding more than 10,000 BTC) are continuing their bullish accumulation spree. This trend stands in contrast to the behavior of smaller investors, who have recently decreased selling activity despite recent market corrections. Meanwhile, mid-sized holders, those with holdings between 10-100 BTC, are also shifting from selling to buying, possibly reflecting increased optimism or a strategic reentry into the market. Glassnode’s report also highlights unrealized losses across different investor groups. Short-Term Holders (STHs) face substantial losses given recent price drops, mirroring previous bear market conditions. In contrast, Long-Term Holders (LTHs) remain profitable. However, analysts caution that as buyers from past peak periods transition to LTH status, the network’s capacity for absorbing potential losses might increase. Historical trends suggest such transitions often coincide with bear market confirmations, but current indicators don’t yet point to a definitive market regime shift.