Bitcoin Long-Term Holders Accumulate Record 800,000 BTC in 30 Days
Historic buying signals mounting conviction among seasoned investors
BTC Long-Term Holders Enter Record Accumulation Phase
Bitcoin’s long-term holders (LTHs) are piling into the market at an unprecedented rate. According to on-chain data from CryptoQuant, entities that have held Bitcoin for at least six months without selling have accumulated 800,000 BTC over the past 30 days—the largest 30-day increase on record.
“This week brings a key signal from LTH that shouldn’t be overlooked,” wrote CryptoQuant contributor Darkfost. Over Bitcoin’s entire history, LTH net supply increases over 750,000 BTC have only occurred six times, typically just before major price rallies.
Bitcoin 30-day rolling LTH supply change. Source: CryptoQuant
Support Range Builds Between $93K and $107K
The newly acquired BTC now moving into the LTH category has a cost basis between $95,000 and $107,000, according to the report. This implies a strong price support zone, as these long-term investors are generally less likely to sell in volatile conditions.
At the same time, short-term holders (STHs)—those who hold BTC for less than six months—have a current aggregate cost basis just below $100,000, forming a second support level that has held up during the recent retracement to $98,000.
On-chain analytics firm Glassnode echoed these findings, warning in its latest Week Onchain report that a breakdown below $93,000 could test the strength of the ongoing bull market.
“As long as the price holds above this range, the bull market structure remains intact,” the firm said. “However, a breakdown could trigger deeper correction pressures if recent buyers start to capitulate.”
Historical Precedents for Bullish Continuation
Previous spikes in long-term holder accumulation have signaled upcoming market strength. In July 2021 and September 2024, similar trends preceded strong upward price movements.
BTC cost basis distribution heatmap (screenshot). Source: Glassnode
With Bitcoin trading above $107,000, and historic buying behavior unfolding, analysts suggest the current accumulation trend should be factored into any serious investment strategy.
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