Bitcoin Long-Term Holders Accumulate 750,000 BTC Above $100,000

Bitcoin’s long-term holders have been actively accumulating the cryptocurrency, adding over 750,000 BTC to their holdings in just 30 days. This significant accumulation occurred while Bitcoin maintained a price above $100,000, indicating a notable shift in investor behavior. Traditionally, long-term holders have been known to accumulate Bitcoin during price drops, but the current trend suggests a change in strategy, with investors showing confidence even at elevated price levels.

According to recent on-chain metrics, the net position changes among long-term holders have reached unprecedented levels. This accumulation phase is occurring while Bitcoin trades near its historical highs, suggesting renewed confidence from seasoned investors. The data from CryptoQuant shows that the current 30-day sum of net position change is near +800,000 BTC, surpassing previous accumulation levels seen after major market crashes and during significant price dips.

Historically, long-term holders have tended to accumulate during low-price environments and reduce their exposure during price surges. However, the latest data defies this trend, as the current accumulation phase is unfolding while Bitcoin trades above $100,000. This behavior closely mirrors accumulation events during major Bitcoin bottoms in past cycles, yet it’s now happening near price peaks. This alignment suggests strong conviction among long-term investors, who appear to be treating this price zone not as a peak but as a strategic entry point.

Such accumulation near highs may reflect institutional confidence, improved regulatory clarity, or expectations of limited downside risk. These investors, typically more patient and data-driven, appear willing to hold even at elevated prices. The difference in behavior could be attributed to a maturing market structure or stronger confidence in long-term digital asset valuation. Unlike in past cycles, long-term investors appear undeterred by current valuations.

Past Bitcoin cycles have shown accumulation phases mostly around lows and sell-offs during market rallies. The ongoing pattern diverges sharply from these norms. In 2018 and 2022, sharp red spikes—indicating long-term selling—followed price surges. The current cycle lacks similar aggressive red outflows. Instead, a series of green bars dominate the chart, suggesting continued inflow into long-term holder wallets. For example, the data from 2020 showed accumulation spikes after Bitcoin fell below $5,000. In contrast, today’s accumulation is happening above $105,000. This significant shift hints at changing risk appetite or evolving market dynamics among veteran holders.

The community and analysts have reacted with optimism to this trend. The chart received attention from top crypto commentators and on-chain analysts shortly after its release. One tweet described the trend as the “highest rate of accumulation in history.” Supporters called the move “bullish for Bitcoin” and highlighted strong hands accumulating as a positive sign. Comments like “diamond hands accumulating” and “people are buying more” flooded the post, reflecting growing retail and institutional interest. Data-driven optimism is reflected not just in numbers but in the sentiment shared across crypto communities. The continued buildup of long-term positions paints a picture of belief in sustained market strength. This shift in long-term accumulation behavior may play a pivotal role in Bitcoin’s trajectory as it enters a potentially new price discovery phase.