Bitcoin Accumulation Surges as LTHs Add 250,000 BTC, STHs Follow with 25,000 BTC

Generated by AI AgentCoin World
Wednesday, May 7, 2025 8:47 am ET1min read
BTC--

Recent analytics from Glassnode have highlighted a significant trend in Bitcoin accumulation, with both Short-Term Holders (STH) and Long-Term Holders (LTH) increasing their holdings. The LTH cohort, which includes those who have held Bitcoin for over 155 days, has been actively accumulating since early March, adding more than 250,000 BTC to their holdings. This accumulation has brought their total holdings to over 14 million BTC, suggesting a positive shift in market sentiment and a reduced inclination to sell for hedging purposes.

Contrarily, STHs, known for their short-term trading strategies, have also started to accumulate Bitcoin, adding over 25,000 BTC in the last week alone. This change comes after a significant sell-off of over 200,000 BTC since February 2025, which coincided with a 30% price decline in Bitcoin. Currently, Bitcoin is trading around $97,000, indicating a potential resurgence in investor confidence.

However, Glassnode analysts point out a critical resistance level at $99,900. As LTH unrealized gains approach 350%, there is a risk of increased profit-taking, which could hinder the upward momentum of Bitcoin's price. To maintain this momentum, sustained buying activity will be essential. This trend of accumulation by both STHs and LTHs reflects a growing confidence in Bitcoin's long-term value, despite the recent market volatility.

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