WuBlockchain
CryptoQuant analyst Darkfost said Bitcoin long-term holder (LTH) supply has risen to approximately 15.26 million BTC, the highest level since August 2025. Over the past 30 days, LTH supply increased by roughly 316,000 BTC, sharply contrasting with the net outflow of around 650,000 BTC from long-term holder wallets recorded in late November.
Why it matters
Long-term holder supply is one of the cleanest proxies for conviction. Coins that move into LTH wallets are effectively taken off the market — the holders behind them are signaling multi-quarter or multi-year timeframes, not rotation. A 316,000 BTC monthly addition is a meaningful absorption rate, and the contrast with the late-November distribution is the part seasoned market participants will read first. Old coins are not bleeding into the market the way they were weeks ago.
Market impact
The supply shift tightens float at a moment when demand from the same cohort is visibly rebuilding. If long-term holders keep absorbing at this pace, the available liquid supply thins, and price typically responds by rewarding patient bids. The data also frames the current tape as accumulation, not distribution — a structural backdrop the rest of the market will price in over the coming sessions.
Frequently asked questions
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What is Bitcoin long-term holder supply?
Long-term holder supply measures the total amount of BTC held in wallets that have not moved their coins for 155 days or more. It is widely used as a proxy for conviction capital and illiquid supply.
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How much did long-term holders add in the past 30 days?
According to CryptoQuant analyst Darkfost, long-term holder wallets added approximately 316,000 BTC over the trailing 30 days, lifting total LTH supply to roughly 15.26 million BTC.
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How does this compare to the late-November distribution wave?
The 316,000 BTC monthly accumulation sharply contrasts with the net outflow of around 650,000 BTC from long-term holder wallets recorded in late November, meaning old coins that exited then are now being re-absorbed.
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Why does LTH supply matter for BTC price?
Coins held by long-term holders are effectively removed from active circulation, tightening float. Rising LTH supply during periods of steady demand is typically associated with accumulation phases and structurally tighter supply.
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Who is Darkfost and what is CryptoQuant?
Darkfost is an on-chain analyst who publishes market commentary through CryptoQuant, a blockchain analytics platform that tracks wallet activity, exchange flows, and holder cohort data across major networks.
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