Are Bitcoin Holders Buying Again? Looking at the Current Price Movement

The world of cryptocurrency never sleeps, and lately, Bitcoin has been giving its investors a lot to talk about. After experiencing significant volatility, the spotlight is back on Bitcoin price movements and how holders, especially long-term ones, are reacting. 

With Bitcoin currently hovering around the $82,000 mark, questions arise, are Bitcoin holders starting to buy again? And how might this shape the market in the weeks ahead?

Long-Term vs Short-Term Holders 

In times of uncertainty, it becomes clearer who really believes in Bitcoin for the long haul. On-chain data from CryptoQuant shows that long-term Bitcoin holders continue to accumulate, even as short-term holders react more impulsively to market stress.

The sell-side risk ratio is a key indicator here. It reveals how long-term holders are mostly unfazed by recent market dips, geopolitical tensions, or price fluctuations. 

Instead of panicking, they see the current state of the market as an opportunity to buy more BTC and hold it for the future.

Their confidence is further demonstrated by the 30-day net position change, which indicates a net inflow of Bitcoin into wallets that are typically used for accumulation. 

These aren’t wallets used for daily trading or speculation, they’re being used to store BTC for the long term, which signals continued trust in Bitcoin’s long-term value.

Read More: Is Today a Good Time to Buy Bitcoin? Looking at Bitcoin Dominance

What’s Up with the Bitcoin Price?

On April 9, Bitcoin's price jumped past $81,000 after former U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs. This, combined with cooling inflation concerns following the latest Consumer Price Index (CPI) data, contributed to the mini rally.

At the time of writing, the Bitcoin price is around $82,457, showing a 3.4% increase in the last 24 hours. However, trading volume dropped significantly, by over 33% to $44.7 billion. This kind of mixed signal suggests the market is still figuring out its next move.

Check Bitcoin (BTC) Price Today and BTC to USD: Convert Bitcoin to US Dollar

Key Support and Resistance Levels

CryptoQuant highlighted two important price levels for Bitcoin: $84,000 and $96,000. These levels previously acted as support, but if the market remains weak, they could flip into resistance. 

A sustained move above these zones is needed for Bitcoin to resume a strong bullish trend. Failing to break above $84,000 could increase bearish sentiment. In fact, some analysts warn that if the price dips below this mark, Bitcoin could slide down toward the $78,000 range.

What’s even more concerning is the pattern of lower highs, which often signals persistent selling pressure. This tells us that despite a few short-term rallies, Bitcoin hasn’t fully regained bullish momentum.

Read More: Is the Market Turning Bullish? Looking at Bitcoin's Price Sentiment

Large Accumulations Hint at Renewed Optimism

Despite the cautious price movement, there's one trend that's hard to ignore, massive accumulation by big investors. 

Over the last 24 hours alone, more than 48,500 BTC, worth nearly $3.9 billion, were moved into accumulation addresses. That’s the biggest single-day inflow since February 2022.

Back then, Bitcoin was trading at just around $38,400, and accumulation wallets absorbed about 95,000 BTC. So, this recent spike in accumulation suggests that whales (large holders) see current prices as a good entry point.

Following Trump's tariff-related announcement, some large investors bought BTC at around $76,000, clearly capitalizing on the price dip. In March, whales added around 62,000 BTC to their wallets after being relatively quiet for a year.

This behavior shows a clear pattern: large holders are using market dips to accumulate more Bitcoin, strengthening the long-term bullish case.

Read More: Bitcoin (BTC) Forecast Price for 2025: Is BTC Price Still Under Pressure until the end of year?

Where is Bitcoin Price Headed Next?

Short-term price predictions are always tricky, especially with Bitcoin. But if current trends hold, Bitcoin may continue to trade sideways between $80,000 and $84,000. 

If the weekly close manages to push beyond $84,000, we could see momentum pushing BTC toward $87,000 to $90,000.

Interestingly, Cardano founder Charles Hoskinson recently said that he expects Bitcoin to reach $250,000 by the end of the year. While that sounds ambitious, he backs his claim with the growing crypto adoption by tech giants like Apple and Microsoft.

He believes institutional interest and mainstream adoption could be the catalysts that push Bitcoin to new heights, even after the coin has retraced significantly from its previous all-time highs.

Read More: BTC/USDT Price Analysis – Bitcoin Price Projection: Bearish $66,000 or Bullish $100,000?

Conclusion

So, are Bitcoin holders buying again? The answer appears to be yes, especially the long-term ones. They’re not only holding firm but actively buying more during dips. 

With major levels like $84,000 and $96,000 now acting as resistance, all eyes are on whether Bitcoin can break through and continue its bullish trajectory.

At the same time, large inflows into accumulation wallets point to renewed optimism. If the market can sustain current levels or push higher, we may see a resurgence in buying interest that pushes the Bitcoin price to new levels.

Still, caution is warranted. The short-term price movement remains unpredictable, and a failure to hold support could trigger another dip. For now, the battle between bulls and bears continues, but long-term holders are clearly showing they’re not backing down.

Read More: Bitcoin ETF Analysis: Outflows Surge Amid Trump's Tariff Shockwave

FAQ 

What is the current Bitcoin price?

At the time of writing, Bitcoin is trading around $82,457, with a 3.4% increase in the past 24 hours.

Are long-term Bitcoin holders buying more BTC?

Yes, on-chain data shows long-term holders are accumulating Bitcoin, especially during market dips.

What are the key Bitcoin price levels to watch?

$84,000 and $96,000 are crucial resistance levels. Breaking above them could signal a strong bullish continuation.

What’s the outlook for Bitcoin in the near term?

If Bitcoin stays above $84,000, it could move toward $87,000–$90,000. If it fails to hold support, a dip to $78,000 is possible.

Could Bitcoin reach $250,000 this year?

Cardano founder Charles Hoskinson believes it’s possible due to rising adoption, but the market would need strong momentum for that to happen.