Long-Term Bitcoin Holders Reflect Steady Confidence in Market

Bitcoin’s Long-Term Holders Stay Committed as Market Eyes Further Gains

Even though some selling pressure has emerged recently, data shows that bitcoin’s long-term holders remain largely steady, signaling ongoing optimism for higher prices ahead.

Glassnode defines long-term holders (LTHs) as investors who have kept their bitcoin for at least 155 days. According to CoinDesk Research, while part of the selling that has kept BTC from reaching new all-time highs has come from this group, the overall picture reflects continued conviction.

Glassnode data reveals that 45% of bitcoin’s total supply hasn’t been moved in over three years—a level that has stayed unchanged since February 2024, shortly after the approval of spot bitcoin ETFs in the United States. This highlights the enduring faith among holders who have remained through significant market shifts.

For context, in July 2022—three years ago—bitcoin traded near $20,000 amid market upheaval caused by events like the collapses of 3AC and Celsius. The fact that nearly half the BTC from that era remains untouched speaks to the patience of these long-term investors.

Moreover, about 30% of bitcoin’s supply hasn’t changed hands in over five years, a figure that has remained stable since May 2024. This points to deeply rooted holding behavior, even as prices rise.

While it’s true that some long-term holders have been taking profits during bitcoin’s climb, broader trends indicate that most are sticking with their investments. The steadiness in these holding metrics over the past year suggests that many long-term participants are waiting for even higher prices before making significant moves.