As Bitcoin (BTC) price remained trapped in a horizontal consolidation in February 2026, on-chain data analysis now reveals a renewed interest from long-term holders.
Long-term Bitcoin holders added 212,000 BTC last month, according to on-chain analytics retrieved by Finbold from market data platform CryptoQuant. After a heavy capitulation of this cohort during the fourth quarter of 2025, long-term Bitcoin holders’ net position change in the past 30 days turned positive.
Long-term holder net position change. Source: X
Bitcoin records renewed demand from institutional investors
Amid the ongoing Middle East conflict, institutional investors have gradually turned to Bitcoin, signaling a shift in risky assets.
“After months of sustained net selling, LTH net position change is now easing, suggesting that selling pressure from seasoned holders is moderating as $BTC stabilizes,” Chris Beamish, an analyst at digital assets data platform Glassnode, stated.
For instance, the U.S. spot Bitcoin Exchange-Traded Funds (ETFs) posted a net cash inflow of $787 million during the last week of February, according to SoSoValue. Nonetheless, the U.S. spot BTC ETFs registered a net cash outflow of $206 million last month.
Strategy Inc. announced four BTC purchases in February, thus accumulating 5,075 Bitcoins. On Monday, Strategy accelerated its Bitcoin acquisition with an additional 3,015 BTCs, hence increasing its holdings to 720,737 coins.
Amid the ongoing renewed demand from institutional investors, Bitcoin’s price has signaled a potential midterm rebound. Despite being trapped in a macro downtrend since the October crypto crash, BTC price is well positioned to rebound above $70,000 in the near term, according to crypto analyst Trader Tardigrade on X.
BTC/USD 2-day chart. Source: X
Furthermore, Bitcoin’s 2-day MACD indicator has seen its MACD line cross above the Signal Line, as the histograms signaled strengthening bullish momentum. Notably, BTC price has rebounded 5.3% in the past 7 days to trade at about $67,325 at press time.