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800K Bitcoin A Month: Long-Term Holders Fuel Unprecedented Holding Spree
Related Reading: Miners Are Back: Bitcoin Hashrate Sees Largest 1-Day Surge In Months## Record Breaking Accumulation By Veteran Holders
According to CryptoQuant, the 30-day change in long-term holder supply just hit +800,000 BTC. That level has only been seen six times before. It shows real faith from investors who’ve held coins through every dip and rally. They’re shrugging off a market that’s already trading north of $100,000.
Historic Signals Point To Major Moves
Based on reports from CryptoQuant contributor Darkfost, similar spikes in LTH supply came in July 2021 and September 2024. Each of those runs led to big price jumps soon after. When patient players pile in this hard, history suggests it can set the stage for a fresh rally.
Key Price Range For Patient Buyers
CryptoQuant’s data also show coins newly qualifying as long-term were bought between $95,000 and $107,000. That zone looks like a comfort area for big whales and serious investors. It may act as a floor if Bitcoin slips, with buyers ready to defend those levels.
Support Zone For Short-Term Players
On the other side, short-term holders—those in for six months or less—have a joint cost basis just under $100,000. Glassnode warns that the $98,000–$93,000 band is critical. As long as Bitcoin stays above there, speculators can hold on. If it falls below $93,000, some of them could sell fast, digging a deeper pullback.
Related Reading: Move Over, Google—Bitcoin Is Now One Of The Top 6 Assets WorldwideWatching these on-chain clues side by side can help anyone in the market right now. If you’re holding for the long haul, you’re in good company—big players are still stacking BTC even after all the gains. If you trade more actively, keep an eye on that $98,000–$93,000 floor. A drop below could be your signal to lock in gains or tighten stops.
Overall, the balance of power favors the bulls, but only as long as support holds. Bitcoin’s history shows that when veteran holders double down, good things often follow. At the same time, speculators need enough confidence to stay in. For now, those two forces are in a delicate dance—one that could decide whether Bitcoin breaks higher or takes a deeper breath.
Featured image from Getty Images, chart from TradingView