Long-term Bitcoin holders and patient buyers are actively absorbing the cryptocurrency’s supply, according to new research from Glassnode. This accumulation trend suggests an early bottoming process for Bitcoin, even as institutional entities show signs of reduced engagement. The on-chain analytics firm’s latest report, “The Week Onchain,” highlights a notable divergence in market behavior. While some institutional capital appears to be exiting, a dedicated cohort of investors is stepping in to acquire those coins.