Bitcoin long-term holders are accumulating aggressively! "16.3 million BTC held," approaching an all-time high.

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Amidst the volatility in the cryptocurrency market, long-term holders, often regarded as "smart money," have been aggressively buying BTC, with their holdings approaching an all-time high and successfully breaking a two-and-a-half-year downward trend. Does this signal the arrival of the next market rally? On-chain data shows that the holdings of long-term Bitcoin holders (those holding for at least 155 days) are rising rapidly, currently reaching 16.3 million BTC, just a step away from the historical peak. Looking back to last October, when Bitcoin soared to a record high of over $126,000, the holdings of these long-term holders were approximately 14.12 million BTC. This figure has since expanded significantly to 16.3 million, with an increase of about 200,000 BTC in the past month alone. Historically, the only time long-term holder supply was higher than it is now was on the eve of the launch of US spot Bitcoin ETFs in January 2024, when it reached 16.4 million BTC. However, in the following months, as the price of Bitcoin surged, these large holders took the opportunity to take profits, selling off nearly 2 million BTC. According to past market conventions, periods of depressed prices or deep bear markets are often the best times for "smart money" to enter and buy the dip. They are accustomed to offloading at bull market peaks and rebuilding positions when the market is in a trough and retail investors are panicking. Looking back at the major bear markets of 2015 and 2019, it was observed that long-term holders quietly accumulated during periods of price weakness, driving a significant rise in total holdings. However, since the advent of spot Bitcoin ETFs in January 2024, the holdings of long-term holders have mostly consolidated within the range of 14 million to 16 million BTC. Today, this indicator has finally broken through a two-and-a-half-year downward trend line, indicating that long-term holders have shifted back to an "accumulation" mode rather than "distribution" amidst the depressed Bitcoin price, quietly building a foundation for potential future market movements.

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ID:c4ddea0b42

Source:區塊客

Published:2026-05-22 08:45:45

Category:bullish · Export Category bullish

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