The Bitcoin ( BTC ) owned by conviction buyers, large entities with low on-chain activity, has tripled in 2026. The conviction buyers have increased their holdings by nearly 300% year-to-date (YTD) to approximately 4 million Bitcoin, according to on-chain data analysis from BitGo , analyzed by Finbold on May 13. After taking gradual profits between February 2023 and October 2025, this group of investors added around 3 million BTC in 2026, valued at roughly $243 billion at press time. BTC held by conviction buyers. Source: BitGo As such, the conviction Bitcoin buyers have accumulated more coins during the 2026 bear market than during the post-2021 bull rally. However, these investors are yet to surpass their holdings during the Covid-induced crypto crash and the 2018-2019 sell-off. Nonetheless, the conviction buyers have accumulated more BTC at a faster rate during the recent bear market than in any other period. As such, the flagship coin could be trapped in a bear market for a shorter period, thereby signaling a bull rally in the near future. Bitcoin price outlook amid notable demand from conviction buyers Although conviction buyers have aggressively accumulated Bitcoin YTD, the majority of short-term traders remain bearish. With BTC price facing intense resistance around $82,000, as Finbold noted , traders from Kalshi have been predicting further capitulation in 2026. Precisely, the odds of BTC price dropping below $60,000 again this year surged 3% over the past 24 hours to about 47%, as per metrics from Kalshi . Additionally, Kalshi traders see a 37% chance that Bitcoin price could fall below $55,000 again before the end of this year. Contract for Bitcoin price prediction in 2026. Source: Kalshi Nevertheless, conviction buyers’ aggressive BTC accumulation could significantly lower selling pressure from leveraged traders, as Finbold reported . Therefore, Bitcoin may be approaching the end of its macro bear market, supported by the established historical behavior of conviction buyers. The post Conviction buyers adds Bitcoin worth $243 billion in 2026 appeared first on Finbold .
