• It seems the big Bitcoin believers are still in control, holding onto 67.77% of all Bitcoin. This really shows they’re confident in the long run.
• Even with the market going up and down like a rollercoaster, these large Bitcoin holders are still buying more.
• Meanwhile, those who haven’t been in Bitcoin for long are seeing their investments drop, kind of like what you’d expect at the start of a bear market.

Turns out, the major players in Bitcoin, those holding significant amounts, actually control around 67.77% of all the Bitcoin out there. This is a pretty strong signal that despite all the recent ups and downs in the market, they really believe in Bitcoin’s future. These big investors, we’re talking about folks with wallets holding between 10 and 10,000 BTC, have actually added over 53,600 more Bitcoin since March 22nd! That definitely underlines a long-term positive outlook.

And get this, even through April, which saw Bitcoin prices bouncing around quite a bit, these big Bitcoin holders kept up their buying spree. This kind of strong buying behaviour from big institutions often suggests they’re in it for the long haul. This long-term view generally gives them more of a buffer when the market takes a dip. On the flip side, those newer to Bitcoin are currently seeing their investments lose value, highlighting the different strategies in play between short-term and long-term investors.

Short-Term Bitcoin Losses

Data from Glassnode gives us a clearer picture, showing that people who’ve only held Bitcoin for a short time are now experiencing some pretty significant losses. The data reveals that this market correction is hitting short-term holders just as hard as corrections have at the beginning of past bear markets in the Bitcoin world. So, it’s definitely been a tough period for those who haven’t been holding Bitcoin for very long.

Interestingly, while short-term holders are feeling the pinch, the data also indicates that long-term holders (LTHs) are mostly still in profit during this time. It really highlights how different investment timelines can lead to very different outcomes in a volatile market like crypto.

Related: Four Bullish Reasons That Could Soon Flip The Crypto Market

What’s also interesting is that some of those who bought Bitcoin early on are now transitioning into the long-term holder category. This strengthens their ability to ride out the market’s ups and downs. Historically, this shift to long-term holding has been a signal that bear markets are on their way, but it’s important to note that we’re not officially in a bear market just yet.

Bitcoin’s Uncertain Market Outlook

Looking ahead, Bitcoin’s market outlook is still a bit of a question mark for the next few years. While those long-term holders might be able to absorb more losses, it still feels unlikely we’ll see a total market collapse. The fact that short-term holders are becoming long-term holders could shake things up, but whether this will bring more stability in the future is still uncertain given the current unpredictable situation.

It really seems like the big players are shifting gears, and that’s a key signal to watch in the market. Ultimately, where Bitcoin goes next will likely depend on what these major holders do, and how well short-term traders can manage the risks. The market’s still searching for more clues to figure out if this current market movement is just a temporary blip or the start of a longer downward trend.