After enduring several months of relatively intense selling pressure, the cryptocurrency analytics platform glassnode noticed a return to holding (HODLing) and accumulation patterns among Bitcoin holders. This change reflects the dynamic shifts in market activity, particularly in the spot market, which recently witnessed significant seller pressure, but this pressure doesn't seem to have fully dissipated. Compared to previous peak periods in cycles, the majority of network wealth is currently held by long-term investors, indicating a high level of conviction within the Bitcoin holder community. As the market recovers from the sell-offs experienced last week, digital asset investors display clear signs of uncertainty and hesitancy. However, analyzing on-chain reactions of market participants to volatile conditions reveals a growing trend of HODLing. Since Bitcoin hit its all-time high in March, the market has experienced a broad supply distribution period involving wallets of varying sizes. In the past few weeks, this trend has shown early signs of reversing, especially with the largest-scale wallets related to ETFs, indicating a return to an accumulation state. The Accumulative Trend Score (ATS) metric assesses changes in weighted balances in the market, confirming the shift towards accumulation-driven behavior. According to ATS records, there has been notable accumulation activity over the past month, suggesting that despite challenging and turbulent market conditions, long-term Bitcoin investors remain firm in their beliefs and are intensifying their accumulation efforts.