Bitcoin’s long-term investors are on a buying spree unlike anything we’ve seen before. Over the past month, they’ve added a whopping 800,000 Bitcoin to their holdings – a new record! This is happening even with Bitcoin prices hitting record highs in 2025. Let’s dive into the details.
Record-Breaking Accumulation
Data from CryptoQuant shows long-term holders (those holding for at least six months) have increased their supply by 800,000 BTC in just 30 days. This massive accumulation has only happened a handful of times before. It’s a clear sign of strong confidence from seasoned investors who have weathered many market ups and downs. They’re buying even with Bitcoin trading above $100,000.
Historical Precedents
According to CryptoQuant analyst Darkfost, similar surges in long-term holder supply happened in July 2021 and September 2024. Both times, significant price increases followed shortly after. This historical pattern suggests the current buying spree could signal another major Bitcoin rally.
Key Price Levels
The Bitcoin these long-term holders are buying was purchased in the $95,000-$107,000 range. This suggests this price range is considered a good entry point by large investors. This could act as a strong support level if the price dips.
Short-Term Holders and Crucial Support
Short-term holders (those holding for six months or less) have an average cost basis just below $100,000. Data from Glassnode indicates the $98,000-$93,000 range is crucial for them. As long as Bitcoin stays above $93,000, these short-term holders are likely to hold. However, a drop below $93,000 could trigger a wave of selling, potentially leading to a more significant price correction.
The Big Picture
The market is sending mixed signals. Long-term holders are showing incredible confidence, while short-term holders are watching key support levels closely.
If you’re a long-term investor, you’re in good company – major players are still buying. If you’re a short-term trader, keep a close eye on that $98,000-$93,000 support zone. A break below could be your cue to take profits or adjust your stop-loss orders.
The overall outlook is bullish, but only as long as the support levels hold. Bitcoin’s history shows that when veteran holders are accumulating, good things usually follow. However, the confidence of short-term traders is also essential. Right now, it’s a delicate balance that will determine whether Bitcoin continues its upward trend or experiences a pullback.