Accumulation by Bitcoin Long-Term Holders Points to Strengthening Bullish Sentiment

Long-Term Bitcoin Holders Tighten Grip, Hinting at Bullish Price Outlook

Bitcoin’s most steadfast investors are doubling down, with long-term holders (LTHs) now controlling a record 14.46 million BTC, according to new data from Glassnode. The rise in long-term holdings comes as short-term traders offload coins, suggesting a shift in market dynamics toward conviction-based ownership.

LTHs — defined as wallets that have held BTC for 155 days or more — are widely viewed as strategic participants who accumulate during downturns and typically realize profits during bull runs. Their growing dominance is often seen as a bullish signal, historically preceding major upward price movements.

Between March and June, long-term holders added nearly 500,000 BTC, while short-term holders (STHs) shed around 350,000 BTC. This divergence reflects rising confidence among experienced investors, even in the face of recent volatility.

Notably, many of today’s LTHs bought in during January’s rally, when Bitcoin reached $109,000 following Trump’s inauguration. Despite enduring a subsequent 30% correction, these investors have held through turbulence — and are now part of the recovery story as BTC hovers above $103,000.

Currently, LTHs represent roughly 73% of the total 19.88 million BTC in circulation, underscoring their growing influence on price direction and supply liquidity.

“The rise in long-term holdings is a vote of confidence in Bitcoin’s long-term trajectory,” said Glassnode analysts. “This kind of supply behavior has historically laid the groundwork for strong bullish runs.”

With more Bitcoin locked in long-term hands and fewer coins actively trading, market watchers are interpreting the trend as a foundation for sustained price appreciation in the months ahead.