TL;DR
- Long-term Bitcoin holders added a record 800,000 BTC in 30 days, pushing their total stash above 14.2 million coins.
- This level of accumulation, only the sixth such surge in Bitcoin’s 15-year history, has historically preceded major rallies, marking a bullish shift in sell pressure.
- Coins bought between $95K–$107K carve out a $93K–$98K support zone; continued hodling tightens exchange supply and primes BTC for further gains.
Bitcoin’s longest-tenured investors just set a new benchmark. On-chain data shows that entities holding BTC for more than six months, long-term holders (LTHs), boosted their stash by an unprecedented 800,000 coins over the past 30 days. That surge not only eclipses all previous monthly increases but also confirms that even as Bitcoin hovers near all-time highs, patient investors are doubling down on their conviction. The fresh inflow has pushed LTH supply above 14.2 million BTC, underscoring a strengthening base of holders who show no intention of selling.
Historical Precedent Points to Further Gains
This level of accumulation has only happened six times in Bitcoin’s 15-year history. The two most recent instances, in July 2021 and September 2024, preceded sharp rallies that carried BTC to new price peaks. In both situations, increasing LTH supply indicated decreasing sell pressure and a willingness to take on new demand.
Market watchers now view this pattern as a bullish harbinger: when holders with proven staying power stack coins en masse, it often lays the groundwork for sustained upward momentum.
Support Zone Reinforced by Holder Cost Bases
Digging deeper, analysts note that many of the Bitcoins transitioning into long-term wallets were originally purchased between $95,000 and $107,000. That concentration effectively carves out a multi-billion-dollar support zone. Meanwhile, short-term holders, those moving coins within six months, carry an average cost basis just below $100,000.
Historical pullbacks toward that level have been met with renewed LTH buying, creating a price floor near $93,000–$98,000. As Bitcoin consolidates, this structural support may prove critical in preventing deeper corrections.
Implications for Market Momentum and Strategy
For traders and institutions, the latest LTH activity offers a clear strategic signal. Continued stacking at historic levels suggests that supply on exchanges will tighten, potentially stoking volatility and higher bids. In the near term, breaking above the $110,000 mark could galvanize further gains, while a stable LTH base shields against sharp downturns.
Whether you’re an active trader or a multi-year HODLer, the record supply boost by veteran Bitcoin holders is a watershed moment, reaffirming that conviction and scarcity remain key drivers in this bull cycle.
