Long-term Bitcoin holders made history this week by accumulating 800,000 BTC in just 30 days, the largest monthly increase ever recorded.
Historic BTC Accumulation
Long-term Bitcoin holders (LTH) added a record 800,000 BTC to their wallets over the past month. This event reflects investors' confidence in Bitcoin's long-term value and may indicate possible shifts in market dynamics. Previous similar accumulations occurred in 2021 and late 2024, both followed by significant price rallies.
Acquisition at High Prices
Most of the acquired BTC were purchased in the $95,000 to $107,000 price range. Despite Bitcoin currently trading just above $100,000, many investors are not rushing to sell, highlighting their conviction in further price growth.
Market Outlook
Such a level of long-term holding reduces the available supply of Bitcoin in the market, lowering potential sell-side pressure. Coupled with growing demand from institutional buyers and ETFs, this can create optimal conditions for a price breakout. If history repeats itself, it may be an early sign of a sustained upward trend.
Thus, the current situation in the Bitcoin market underscores the confidence of long-term holders in the asset's potential, which could lead to positive market changes in the future.
