Bitcoin (BTC) hodlers are accumulating more coins every 24-hour interval than any time in over a twelvemonth, as crypto investment looks increasingly attractive.

According to data from monitoring resources Glassnode on April 23, this month saw a pregnant increase in BTC positions.

Hodler position modify hits 75,000 BTC per day

Known as Hodler net position alter, the data shows that long-term Bitcoin investors are in bear market way, seeking to buy up coins at what they consider to be a bargain cost point.

The metric originally came from Bitcoin alpha fund Determined Upper-case letter, which equated the activity behind it roughly to insider buying and selling.

"We meet that significant quantities were cashed out during balderdash markets of Bitcoin, and net new positions were accumulated by HODLers in bear phases," Adamant explained in a blog post last year.

At current rates, hodlers are adding in backlog of 75,000 BTC to their positions each twenty-four hour period. The data may include exchange wallets, which can only exist excluded if they are known to vest to a specific entity.

Bitcoin hodler net position change ane-year chart. Source: Glassnode/ Twitter

Halving sensation heats up

The impressive figures build on previous insights from Glassnode into investor behavior changes. As Cointelegraph reported, whales are also stocking up on coins, while wallet balances of 1 BTC or more are on the rise.

According to Google Trends, meanwhile, there is a keen awareness among internet users of Bitcoin's upcoming block reward halving and the potential price upside that could result.

Search involvement in "Bitcoin halving prediction." Source: Google Trends

Earlier this week, substitution Coinbase said that it had seen a spate of Bitcoin buys equal to $1,200 — the amount of the stimulus checks currently being issued to Americans by the Us authorities.