According to CoinDesk, the amount of Bitcoin held by Long-Term Holders (LTHs) has increased to 16.3 million BTC, nearing an all-time high. LTHs generally refer to investors who have held BTC for more than 155 days. On-chain data shows that LTH holdings have increased by over 2 million BTC from 14.12 million BTC when BTC reached its all-time high last year, with an additional 200,000 BTC flowing in over the past month alone. This trend is analyzed as similar to the typical accumulation pattern of long-term investors. Generally, long-term holders tend to accumulate assets during bear markets and realize profits during bull markets. Notably, this increase is seen as breaking through the trend of decreasing LTH supply that has continued for about two and a half years since the launch of the spot BTC ETF in the US in 2024. Market interpretations also suggest that long-term investors are once again perceiving current price levels as an accumulation zone.
