The capitulatory fall Bitcoin took on March 12th was unprecedented, with the cryptocurrency falling from heights of over $8,000 to lows of $3,800 in a matter of mere hours – a day that will now live in crypto-infamy as “Black Thursday.”

However, the market action seen after this selloff continues to reflect the power of the digital asset, also leading one analyst to go so far as to claim it makes Bitcoin the “most resilient asset in the world.”

This overt resilience could fuel an ongoing buying spree in which Bitcoin investors are currently engaged, as data show that BTC holders are accumulating at a rapid pace.

Bitcoin Investors Enter Full-Fledged Buying Mode

Bitcoin investors are now accumulating the crypto-currency at an unparalleled pace, according to recent data from the blockchain research company Glassnode.

Looking at their “Hodler Net Position Change” predictor, investors tend to be growing their exposure to BTC at this year’s fastest pace.

“Bitcoin HODLer Net Position Change has been growing daily since the end of March and is now hitting yearly highs. Long term investors are increasing their positions. And they’re accumulating more BTC each day,” they noted while pointing to the below chart.

This seems to suggest that investors are increasingly positive about the cryptocurrency. A pattern that has been seen since this recent downturn that may be embedded in the strong uptrend of Bitcoin.

BTC’s Revival from Recent Downturn Boosts Investor Sentiment

In the time following this fall, Bitcoin has seen a noticeable uptrend rising to post-crash highs of $7,800 today.

The reaction to this fall against a background of global economic turmoil led Luke Martin – a respected cryptocurrency analyst. To suggest that this change reinforced BTC’s position as “the most resilient asset in the world.”

“Take a step back think about how BTC has almost completely recovered from the 50% drop in March. No limit down or trading halted. And, No emergency meetings of producers to cut/alter supply. Moreover, no government pledges to start buying. The most resilient asset in the world,” he said.

The extremely bullish market action seen today, which could create a sense of “fomo” among investors. That is likely to intensify this buying frenzy even further.