Binance CEO Shares Optimistic Bitcoin Market Signals Amid Accumulation

TLDR

• Binance CEO Richard Teng shared key data showing that institutions are entering a buying phase for Bitcoin.
• The data reveals an inverse relationship between Bitcoin’s price movements and the behavior of long-term holders.
• Bitcoin veterans have stopped selling their holdings, signaling a return to accumulation mode.
• The LTH supply has been rising since mid-February 2026, marking a shift from the previous distribution phase.
• Spot Bitcoin ETFs saw a massive $471.3 million in net inflows on April 6, signaling strong institutional interest.

Binance CEO Richard Teng recently shared data that suggests institutions are entering a buying phase for Bitcoin. Teng highlighted a strong correlation between Bitcoin’s price movements and the behavior of long-term holders (LTH). He pointed out that despite recent market fluctuations, Bitcoin veterans have returned to accumulation mode.

Bitcoin Price and Long-Term Holders’ Supply Show Inverse Relationship

Teng shared a chart showing the historical connection between Bitcoin’s price (black line) and the Long-Term Holders (LTH) supply (yellow line). The data reveals an almost inverse relationship between these two metrics during major market cycles. Typically, during explosive rallies, the LTH supply tends to drop sharply, while Bitcoin’s price increases.

The chart showed that from late 2025 into early 2026, Bitcoin’s price exhibited significant volatility, trending downward toward the $65,000–$70,000 range. During this period, long-term holders began selling off their Bitcoin, reducing the LTH supply. This pattern continued until mid-February 2026, when the LTH supply reached its lowest point.

Bitcoin Veterans Have Stopped Selling

After the prolonged distribution phase, the yellow LTH line reversed course in February 2026, indicating that Bitcoin veterans had ceased their selling activity. The recent chart shows a clear upward movement in LTH supply, signaling that long-term holders are no longer parting with their holdings. This shift marks a crucial return to accumulation mode for these experienced Bitcoin investors.

While Bitcoin’s price has continued to show volatility, long-term holders are choosing to keep their positions. The accumulation pattern is widely seen as a strong bullish indicator for Bitcoin’s future performance, according to Teng. This behavior reflects confidence from veteran holders in Bitcoin’s long-term value.

Spot Bitcoin ETFs See Huge Inflows

According to blockchain analytics firm Glassnode, Bitcoin is currently experiencing low liquidity in the $65,000 to $70,000 range. The “negative gamma pocket” has created thin support levels, which could lead to rapid downside wicks if bullish momentum fades. However, despite these short-term risks, institutional investors remain unfazed.

Binance CEO Richard Teng’s observations were further validated by data from Unfolded, which tracked a massive $471.3 million in net inflows to Spot Bitcoin ETFs on April 6.

This surge indicates that traditional financial players are viewing the current market turbulence as an opportunity to buy. Institutions are taking advantage of Bitcoin’s price fluctuations, reinforcing a positive outlook for the digital asset.

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