Bitcoin Rallies 12% as Long-Term Holders Accumulate Amid Tariff Pause

Bitcoin has shown signs of recovery after a tumultuous start to the week, with a strong rally at the beginning of the weekend. Recent on-chain data suggests that long-term holders (LTHs) of Bitcoin might be contributing to the stability of the cryptocurrency amidst recent macroeconomic uncertainties.

Crypto analyst Burak Kesmeci highlighted in an April 11 post that Bitcoin lths have been increasingly active in the market over the past few weeks. This observation is based on the Long-Term Holder Net Position Change (30-day sum), a metric that tracks the net change in the BTC supply held by LTHs over a 30-day period. This metric provides insights into the overall market sentiment by aggregating the behavior of this important investor cohort. A positive net position change indicates that LTHs are in an accumulation phase, while a negative change suggests that they are selling their holdings.

Kesmeci noted that LTHs had been offloading their Bitcoin over the past six months, with the LTH Net Position Change remaining negative since late October 2024. The metric reached its lowest point on December 5, 2025, with a negative peak of 827,750 BTC, coinciding with a 32% decline in the Bitcoin price. However, the metric shifted to positive territory on April 6, 2024, indicating fresh buying by seasoned investors over the past few weeks.

This positive shift in the Long-Term Holder Net Position Change coincided with a recent 12% jump in the Bitcoin price, which returned above $81,000 following the pause of trade tariffs on imports by United States President Donald Trump. Kesmeci cautioned that while this could be an early sign of a longer bullish phase, further conviction from long-term investors is needed to sustain a major rally in the current market state.

As of the latest update, Bitcoin is valued at around $83,400, reflecting a nearly 5% increase in the past 24 hours. Despite this, the cryptocurrency has seen minimal change over the past seven days, although it had fallen to around $74,000 at the beginning of the week. This recovery suggests that the actions of long-term holders could be playing a crucial role in stabilizing the market.