Bitcoin Long-Term Holders Accumulate 800,000 BTC Monthly

Long-term Bitcoin investors are demonstrating unwavering confidence in the cryptocurrency's future, as evidenced by a significant increase in the amount of Bitcoin held by these committed holders. Recent data from on-chain analytics platforms indicates that the supply of Bitcoin held by long-term investors—those who have not moved their coins for over six months—has reached unprecedented levels, with approximately 800,000 Bitcoin being added each month.

This steady accumulation, occurring while Bitcoin trades above six figures, underscores the strong conviction among holders who show little urgency to sell. The surge in long-term holding is a crucial signal that should not be overlooked, according to analysts. Much of the supply entering the long-term holder category was originally bought in the $95,000 to $107,000 range. This level of long-term holding has only occurred six times in Bitcoin’s entire history, each instance marking a period of strong investor conviction and often signaling key moments in the market cycle.

Supporting this long-term trend, other on-chain metrics highlight rising interest from large investors. Blockchain research firms noted a sharp increase in wallets holding at least 10 Bitcoin, reaching their highest level since March. The consistent pattern of large-wallet accumulation during market pullbacks reinforces the broader sense of a bullish market structure, despite occasional price dips and market anxiety.

While long-term holders build a foundation for future price growth, short-term holders are also playing an important role in defining support levels. These are investors who have held Bitcoin for less than six months. On average, this group bought in at just under $100,000, making that level a crucial benchmark. Over the weekend, Bitcoin briefly dipped to around $98,000. The price drop tested the lower boundary of a high-activity range that stretches from $93,000 to $100,000. This area has acted as a dense supply zone since the market peaked earlier in the year.

Coinglass revealed that Bitcoin’s price briefly dipped just above the short-term holder cost basis, around $98,200, before recovering. This price range has become a crucial support level. As long as Bitcoin stays above it, the market structure remains intact. However, if the price falls below and lingers there, it could trigger increased selling from newer holders who might start to exit their positions.

Bitcoin’s momentum has cooled—but not collapsed. While prices remain steady, technical indicators reveal a balanced market with potential for a new move. The Relative Strength Index (RSI) at 53.68 shows Bitcoin is in a neutral zone, with no extreme buying or selling pressure. The price holds steady around $106,000, reflecting balance after May’s short-term peak. The RSI remains above the signal line, hinting at a possible shift to upward momentum. A slow RSI downtrend since May shows cooling—not breakdown—in price movement. Room remains for a breakout if fundamentals and accumulation continue to support the trend.

What’s notable is that, despite the cooling momentum, Bitcoin has been trading within the $100,000 to $110,000 range for a full month. Over this period, the price has barely increased and even dropped close to 2% in the last 30 days. This steady, range-bound movement reflects a consolidation phase, indicating sustained interest rather than a loss of momentum.