Old Hands Quietly Accumulate $12 Billion in BTC, Price Breakout Looming?

The cryptocurrency market has been characterized by cautious sentiment in recent sessions, with Bitcoin's price struggling to break through key resistance levels.

However, beneath the surface of this price action, structural signals suggest that old hands are quietly accumulating large positions. According to data from Santiment, over 188,000 $BTC worth more than $12.75 billion has been held for at least six months, indicating a growing conviction in long-term fundamentals.

This accumulation growth is often seen as a constructive signal, reflecting confidence in Bitcoin's value proposition and potential for longer-term recovery phases.