Gate News message, April 24 — According to a report by ARK Invest, Bitcoin holdings by long-term investors, known as “conviction buyers,” reached a record high in the first quarter of 2026. BTC holdings by this investor group increased from 2.13 million to 3.6 million, representing a 69% increase in three months—the highest growth recorded since 2020.
This accumulation occurred despite Bitcoin’s price declining approximately 22% during the same period, indicating that long-term investors view market dips as buying opportunities. Large-scale purchases by institutional and long-term investors reduce available supply in the market, potentially creating upward price pressure over the long term.
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