Bitcoin (CRYPTO: BTC) fell 22% in Q1, according to ARK Invest’s latest Bitcoin Quarterly report, yet long-term buyers are stepping in hard.
Long-Term Holders Continue Accumulating
ARK’s read is not “Bitcoin is dead.” It’s more nuanced: the price action looks bearish, but the internal market structure is showing signs of late-stage stress, not systemic collapse.
The firm’s key takeaway: Bitcoin has not yet hit the deeper capitulation levels that usually mark a confirmed global bottom.
ARK said “conviction buyers” increased holdings by 69% during the Q1 drawdown, rising from roughly 2.13 million BTC to 3.60 million BTC.
ARK said the buying accelerated around Bitcoin’s February trough, suggesting strong-handed investors viewed the correction as an opportunity rather than a reason to exit.
Spot Bitcoin ETF balances also held firm.
According to the …
