Key Points:
The supply of long-term holders of Bitcoin has increased by a record 800,000 coins in the past 30 days.
Data shows that in Bitcoin's history, the supply has only increased by 750,000 coins on six occasions.
The price support for BTC relies on supply with a cost basis above $93,000.
Long-term holders of Bitcoin (BTC) are making history, increasing their holdings by 800,000 BTC each month.
New research from on-chain analysis platform CryptoQuant shows that the "holding" mentality for Bitcoin has reached a rare level.
Long-term holders (LTHs) of Bitcoin—entities that hold for at least six months without selling—are doubling down on their commitment, even as BTC prices hit new highs in 2025.
Analyzing the changes in LTH supply, CryptoQuant states that there has been a net increase of 800,000 Bitcoins over a rolling 30-day basis—a new record.
"The key signals from LTHs this week cannot be ignored," contributor Darkfost stated in his "Quicktake" blog post on Thursday (June 26).
In Bitcoin's history, there have only been six instances where LTH supply increased by more than 750,000 coins in 30 days. The two most recent occurrences were in July 2021 and September 2024, each signaling a surge in Bitcoin prices.
"This makes it a strong signal that absolutely should be incorporated into any strategy," Darkfost concluded.
The article adds that the purchase price for coins entering the LTH category now ranges between $95,000 and $107,000, reinforcing this range as a potential support zone.
As Cointelegraph continues to report, on the other end of the Bitcoin investor spectrum, short-term holders (STHs) also play an important role in bull markets.
Currently, STHs—corresponding to speculators holding for six months or less—have a total cost basis slightly below $100,000.
This level typically serves as support during bull market pullbacks, and this week's pullback to $98,000 is no exception.
When analyzing the support composition this week, on-chain analysis firm Glassnode warned that the area between $98,000 and $93,000 is critical.
"As long as the price remains above this range, the bull market structure remains intact," it summarized in the latest issue of its regular newsletter "The Week Onchain." "However, if it falls below this range, it could trigger a deeper pullback, especially if holders with a cost basis in this area begin to capitulate and increase selling pressure."
Related: Analyst: Michael Saylor's strategy has a 91% probability of qualifying for the S&P 500 in Q2
Original article: “Bitcoin Long-Term Holders Stack 800 BTC Per Month in Record HODL Run”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
