Bitcoin Long-Term Holders Hit All-Time High 74% of Supply

Bitcoin has reached a significant milestone as the number of long-term holders—those who have held their Bitcoin for more than 155 days—has hit an all-time high. This development is indicative of strong investor conviction in the cryptocurrency, suggesting that many investors are committed to holding their Bitcoin despite recent market volatility.

According to blockchain analytics, the increase in long-term holding behavior reflects growing trust in Bitcoin’s future value. As more investors choose to hold rather than sell, it contributes to reduced supply pressure, which historically supports price stability or even upward momentum. This trend is supported by the fact that the total BTC held by long-term holders has reached a record high of 14.7 million, representing 74% of the circulating supply. This significant restraint exhibited by long-term holders, as shown by the Liveliness metric, suggests a patient approach to the market.

The increase in long-term Bitcoin holders has important implications for the market. When more coins are locked away by steadfast holders, it typically leads to a tightening of supply. This can help prevent sharp downturns since fewer coins are available to be sold during times of uncertainty. Moreover, this trend shows that experienced investors are not easily swayed by short-term market movements or external news. Instead, they’re playing the long game, expecting Bitcoin’s value to rise over time.

While the crypto market remains unpredictable, a rise in long-term holding often sets a positive tone. It indicates that the base of strong believers in Bitcoin is growing, which can lead to less volatility and more support for bullish trends in the future. The long-term holder metric is one of many signals analysts use, but its current record high adds weight to the narrative that Bitcoin is maturing as a store of value, much like gold. The data also shows that realized profits are declining, and selling pressure from short-term holders has eased, further supporting the trend of long-term holding. The accumulation by long-term holders is a clear indication of their confidence in the long-term value of Bitcoin, despite the bearish sentiment shown by traders with the long/short ratio dropping significantly.