On-chain data shows that long-term Bitcoin (LTH) holders have seen an augment in net flow recently, which means that selling pressure from diamond hands is waning.
Bitcoin LTH net position change is becoming less and less negative
In the fresh one post on X Glassnode analyst Chris Beamish talked about the latest trend in Bitcoin LTH behavior. This cohort represents one of the two main divisions of the BTC market based on cryptocurrency holding time and includes investors who purchased their tokens more than 155 days ago.
Statistically, the longer an investor holds their coins, the less likely they are to sell them at any time. Therefore, long-holding LTHs are considered to reflect the powerful side of the sector.
However, despite this group’s resilience, its members still participate in sales at some points in the cycle. One such phase is currently underway, as shown in a chart shared by Beamish.
As shown in the chart above, Bitcoin LTH net position change, an indicator that tracks the monthly net amount of BTC entering or leaving the group’s pooled balance, turned negative as the cryptocurrency’s price experienced a bearish change in the last quarter of 2025. Since then, the indicator has mostly remained locked in the zone, suggesting continued distribution at the hands of diamonds.
It’s clear from the chart that the selloff only deepened when BTC fell to lows around $60,000 last month, suggesting that the volatility has scared even some of the more determined hands into parting with their tokens.
However, since the negative top of the indicator coinciding with the price lows, the Bitcoin LTH net position change has been increasing again. Today, its value is still red, which suggests continued sales pressure in the monthly horizon, although its degree is clearly lower. “After months of sustained net selling, the net LTH position change is now weakening, suggesting that selling pressure from savvy holders is waning as BTC stabilizes,” the analyst noted.
Now it remains to be seen whether Bitcoin LTH net position change will continue to improve in the near future or whether diamond hands are yet to sell.
In other news, every cryptocurrency attempt at the $70,000 level has recently resulted in profit taking, as highlighted by analytics firm Glassnode in X post.
As seen in the chart, Bitcoin Net’s 12-hour moving average (MA) of realized profit/loss rose above $5 million per hour as BTC rallied on Monday. A rate above this threshold also disregarded previous recovery attempts within the past month. “The asymmetry reflects the fragility of the current demand structure,” Glassnode said.
BTC price
Since Monday’s high, Bitcoin has seen a slight pullback to $68,500.
