Bitcoin Long-Term Holders Accumulate Record 800,000 BTC In 30 Days

Bitcoin long-term holders have accumulated a record 800,000 BTC over the past 30 days, marking the largest monthly net increase on record. This unprecedented accumulation has only occurred six times previously, with notable instances in July 2021 and September 2024, both of which preceded significant price rallies. This trend underscores the growing confidence among institutional and retail investors in Bitcoin’s long-term value proposition.

Analysis reveals that long-term holders maintain an average acquisition cost between $95,000 and $107,000, slightly above the average cost basis of short-term holders, which stands near $93,000. This cost disparity highlights a strategic holding pattern, with long-term investors demonstrating resilience despite market fluctuations. Currently, long-term holders control approximately 68% of Bitcoin’s circulating supply, indicating a consolidation phase within the market.

Additionally, data from 2025 shows that “Satoshi Era” miners have sold a mere 150 BTC, reflecting an exceptionally strong holding mentality among early miners. This limited supply movement from foundational stakeholders further reinforces Bitcoin’s scarcity narrative and may contribute to sustained upward price momentum over time.

The increase in long-term holder supply is a crucial indicator of market sentiment. Long-term holders, who retain their coins for at least six months without selling, have historically been reliable predictors of Bitcoin's price movements. The recent accumulation suggests that these holders are confident in Bitcoin's long-term prospects, even as the price has reached new all-time highs. This trend has preceded previous price spikes, suggesting it could be a powerful signal for future price movements.

The cost basis of the coins entering the long-term holder category ranges between $95,000 and $107,000, reinforcing this range as a potential support zone. This means that if the price of Bitcoin were to drop to this level, long-term holders would be less likely to sell, providing a floor for the price. This is vital for maintaining the bull market structure, as a breakdown below this range could trigger a deeper correction.

Short-term holders, who hold coins for six months or less, also play a significant role in bull markets. Currently, their aggregate cost basis is just below $100,000, which often acts as support during bull market corrections. This week's retracement to $98,000 is a testament to this, as the price held above this level, maintaining the bull market structure. However, if the price were to drop below $93,000, it could trigger a deeper correction, as holders with a cost basis in this zone might begin to sell, adding to the sell pressure.

In conclusion, the record increase in long-term holder supply is a significant development that could have implications for Bitcoin's price in the coming months. The growing commitment of long-term holders, coupled with the potential support zone between $95,000 and $107,000, suggests that the bull market structure remains intact. However, it is important to note that the cryptocurrency market is volatile, and investors should conduct their own research when making a decision.