Long-term Bitcoin (BTC) investors have begun absorbing supply despite persistent negative flows from US spot BTC exchange-traded funds (ETFs), according to a report by Glassnode on Wednesday. The firm stated that long-term holders (LTHs) have shifted back into net accumulation after months of distribution, signaling renewed confidence as Bitcoin trades near $60,000. While the pace of buying remains below the aggressive accumulation seen during previous bull markets, the firm described the shift as a notable change in investor behavior. “Although it is too early to call this a full accumulation regime, the return of ... (full story)