Bitcoin long-term investors are experiencing one of the strongest accumulation periods in history.
Record HODL Move by Bitcoin Long-Term Investors: Monthly Accumulation of 800K BTC
Onchain analytics platform CryptoQuant announced that long-term investors have accumulated a net 800,000 BTC in the past 30 days, the highest monthly increase ever recorded.
LTHs, i.e. investors who have held their BTC for at least six months without selling, are refraining from selling even as prices reach new highs in 2025. This trend points to a strengthening of the “hodl” spirit in market psychology.
CryptoQuant analyst Darkfost noted in his analysis published on Thursday that this move is a signal that should not be ignored:
“The signal from LTHs this week is quite significant. Such accumulation increases have only been seen six times, the last two of which were precursors to major price increases in July 2021 and September 2024.”
The average purchase price of new LTH positions is between $95,000 and $107,000, making this price band a key support zone for analysts. Accumulation in this area suggests that the price could remain strong at these levels.
Short-Term Investors Eye $93,000
On the other hand, short-term investors (STH – Short-Term Holders) also play a critical role in the market structure. According to Cointelegraph’s analysis, the average cost of STH is just under $100,000, and this area often acts as support during bull market corrections.
Onchain analytics firm Glassnode noted that the $98,000-$93,000 range is critical throughout this week:
“As long as the price stays above this range, the bull market structure remains intact. However, if it breaks below this support, a deeper correction could be triggered, especially if investors with costs in this area start panic selling.”
The behavior of both short-term and long-term investors in Bitcoin plays a critical role in the sustainability of the current market structure. The aggressive accumulation of long-term investors and the support level formed in the $93,000-107,000 band give hope for the continuation of the bull market. However, any breakout below these levels could reverse the market momentum.
*This is not investment advice.
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