Growing Stacks of Bitcoin Long-Term Holders Signals Bullish Outlook
Long-term holder (LTH) bitcoin supply, as tracked by Glassnode, has surged to a record 14.46 million BTC, signaling confidence that price gains are in store.
LTHs, defined as investors holding bitcoin
BTC$108,541.09 for at least 155 days, are often seen as “smart money,” strategically buying during price dips and selling during bull market peaks. This all-time high in LTH supply suggests that seasoned investors anticipate higher prices, a pattern historically associated with significant price rallies.
From March to June, LTH supply increased by approximately 500,000 BTC, while short-term holders (STHs) sold around 350,000 BTC
Many investors now classified as LTH entered the market amid the euphoria of January’s Trump inauguration and $109,000 record. Five months later, having endured a 30% correction and now the bounce back to a record, these LTH’s are demonstrating resilience.
LTHs currently represent about 73% of bitcoin’s circulating supply of 19.88 million BTC, underscoring their dominance in the market. This concentration of bitcoin in long-term hands, suggests potential for further price upside.
