Bitcoin's long-term holders have returned to accumulation

60-second summary

Bitcoin's long-term holders are now accumulating, shifting from net distribution to accumulation, according to Glassnode. This change occurred in the past 30 days, with a significant increase in wallets switching from selling to buying. As a result, the overall market sentiment is improving, and Bitcoin's price is expected to stabilize, potentially leading to a bullish trend in the coming weeks.