Bitcoin Surpasses $89,000 as Long-Term Holders Return to Accumulation
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Dynamics Analysis: While Bitcoin remains above $89,000 at the start of 2026, analysts indicate that the supposed massive accumulation by whales is actually due to internal fund consolidations within exchanges, leading to misinterpretations in the market.
- Misleading Whale Behavior: Julio Moreno, head of research at CryptoQuant, states that signals of whale accumulation primarily stem from exchange operations rather than actual investor behavior, revealing a decline in addresses holding between 100 and 1,000 BTC.
- Return of Long-Term Holders: After experiencing the largest selling event since 2019, long-term holders have become net buyers again over the past 30 days, marking a significant evolution in market structure that may indicate easing selling pressure.
- Rebuilding Market Confidence: The return of long-term holders contrasts sharply with the speculative behavior of short-term investors, and if this holding trend continues, it could stabilize Bitcoin's circulating supply, ultimately laying the groundwork for a new bullish cycle.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
