On-chain data shows that long-term Bitcoin holders have seen an boost in supply recently, despite the cryptocurrency’s unconvincing price movement.

Over the past month, the supply of long-term Bitcoin holders has increased by 332,000

As CryptoQuant community analyst Maartunn noted in X’s report postthe supply of long-term Bitcoin holders has been trending upwards lately. “Long-term holders” (LTH) refer to BTC investors who hold their coins for more than 155 days.

LTHs constitute one of the two main divisions of the BTC market based on holding time; the other side, containing coins older than 155 days, is called “short-term holders” (STH).

Statistically, the longer an investor keeps their coins dormant, the less likely they are to sell them in the future. Therefore, STHs with a compact holding time can be considered delicate hands in the market, while LTHs can represent powerful diamonds.

Here is a chart provided by Maartunn that shows the latest 30-day trend of the net supply position change of these two Bitcoin groups:

As seen in the chart above, Bitcoin LTH experienced a negative monthly supply change in the second half of 2025, suggesting cohort members were breaking their dormancy period, potentially to participate in the selling.

It is clear from the chart that the sell-off was most intense in November, suggesting that even the network’s diamond tips reacted to the crash. The rate remained negative for the rest of the year, but there was a change in 2026; LTH net flow has been positive since January and its value has only increased over time. It is currently +332,600 BTC.

It is essential to remember that while declines in LTH supply may reflect distribution, the converse is not true. This is because coins only become part of the LTH group after a holding period of more than 155 days. Therefore, an boost in LTH supply does not mean that the accumulation is currently taking place, but rather that it took place five months ago. Selling does not involve such a delay because the age of the tokens is immediately reset to zero as soon as they are involved in a network transaction.

However, the boost in LTH supply is of course still a useful signal, reflecting investors’ increased tolerance for long-term holding. Interestingly, the last major 30-day inflow into the group came at a time when the market was experiencing war-related uncertainty. Therefore, it seems that some investors still believe in Bitcoin even in such circumstances.

BTC price

At the time of writing, Bitcoin is trading at around $68,500, down more than 6% in the past week.