Bitcoin's long-term holder (LTH) supply has climbed to approximately 15.26 million BTC, the highest level recorded since August 2025, according to CryptoQuant analyst Darkfost. The move represents a meaningful accumulation signal: over the past 30 days alone, LTH supply grew by roughly 316,000 BTC.
The contrast with late 2024 is striking. In November last year, long-term holder wallets saw a net outflow of around 650,000 BTC — a period typically associated with profit-taking near cycle highs. The current reversal into accumulation suggests that cohort has shifted back into a holding posture, absorbing supply rather than distributing it.
On-chain analysts treat LTH supply as one of the more reliable sentiment gauges in the market: coins held for 155 days or more tend to reflect conviction rather than speculation. A sustained rise at this scale points to structural demand rather than…
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