Recently, the phenomenon of increased confidence in Bitcoin holders has attracted widespread attention from the market, especially the increase in holdings by long-term holders (LTH). According to the latest data, long-term holders have increased their holdings of 400,000 Bitcoins since February, and the current total holdings exceed 13.5 million. This trend shows that long-term holders are optimistic about the future of Bitcoin even when prices fluctuate greatly. Short-term holders (STH) also showed some increase in holdings in early April, but their number was far less than that of long-term holders, showing different expectations of the market for future trends. Analysts pointed out that the behavior of long-term holders has suppressed the price rebound of Bitcoin to a certain extent, especially when the market is in a pullback stage, LTH's profit cashing behavior accounts for as much as 70%, while short-term holders only have 10%. This phenomenon may lead to the market forming a phased bottom, because the cost base of long-term holders is around US$80,000. If the price is below this level, they will face losses, thus forming strong support. In addition, as more short-term chips transform into long-term holdings, the overall cost base will gradually rise, which also provides potential impetus for future rebounds. The increased market confidence and the firmness of holders may mean that Bitcoin will face greater upward potential in the future, especially as market sentiment gradually recovers. Therefore, investors should pay attention to market trends and adjust their investment strategies in a timely manner to seize possible opportunities.