Bernstein: Continuous inflow of funds from long-term BTC holders supports market rebound

By: rootdata|2026/03/16 20:42:00
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According to Cointelegraph, investment research firm Bernstein pointed out in its latest report that the core driving force behind Bitcoin's recent rebound is the continuous strengthening of the long-term holder structure.

In the past week, BTC rose about 7%, and ETH rose about 9%, outperforming gold and major stock indices. Bernstein attributes this to the ongoing inflow of funds into the U.S. spot Bitcoin ETF, as well as the continued accumulation by companies like Strategy. In terms of fund inflows, the U.S. spot Bitcoin ETF has seen three consecutive weeks of net inflows, totaling over $2.1 billion; the net outflow since the beginning of the year has narrowed to about $460 million, while the total assets under management are approximately $92 billion.

Regarding the holding structure, according to Glassnode data, about 60% of the Bitcoin supply has not seen on-chain transfers for over a year. Bitcoin Treasuries data shows that ETFs and exchanges collectively hold about 1.6 million BTC, while publicly traded companies hold about 1.15 million BTC. In terms of corporate accumulation, Strategy has accumulated a total of 66,231 BTC since the beginning of the year, costing about $5.6 billion, with an average price of about $85,000, and the total holdings have exceeded 738,000 BTC.

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