Bitcoin’s recent price jump above $105,000 (a major hurdle!) has boosted investor confidence. Even with a small pullback, long-term holders (the big players) are showing renewed interest.
Long-Term Holders Are Accumulating Again
Experts are noticing a significant shift: Long-term Bitcoin holders, often seen as seasoned investors, are accumulating more Bitcoin. After a couple of dips that worried some, their supply is rising again. This suggests strong belief in Bitcoin’s continued upward trend.
One expert, Darkfost, points out a sharp increase in the supply held by long-term holders – from 14.3 million BTC to about 15.8 million BTC in just a few days. This is a big deal because it could fuel Bitcoin’s price rise even further.
Key Takeaways from the LTH Supply Increase
Darkfost highlights two important points:
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Hold On Tight:
Long-term holders are holding onto their Bitcoin instead of selling. This includes those who bought recently (more than six months ago). It shows a long-term commitment. -
Spending is Down: The amount of Bitcoin spent by long-term holders has plummeted since a peak in December 2024 and a brief scare in March when Bitcoin dipped below $80,000.
The Current Market Situation
At the time of writing, Bitcoin is trading around $102,603, down about 3% in the last week. Despite this slight dip, trading volume is up a massive 79% in the last day. This suggests that investors still believe Bitcoin has more room to grow. The increase in long-term holder supply is a very positive sign.
