Long-term Bitcoin holders have shifted into accumulation mode, marking the end of a six-month selling cycle. On-chain data shows these major players are now net buyers again—typically a strong indicator that the market bottom may be forming. When long-term holders stop liquidating and start buying back, it often signals institutional or sophisticated investor confidence returning to the market. This reversal in whale behavior has historically preceded significant price recoveries. Whether this consolidation phase turns into the next rally depends on macro conditions and broader market sentiment, but the change in holder positioning is certainly noteworthy for traders monitoring accumulation patterns.