BTC long-term holder supply nears all-time high amid accumulation

The supply of Bitcoin (BTC) held by long-term holders (LTH) has climbed to 16.3 million BTC, nearing its all-time high, CoinDesk reported. LTHs are typically defined as investors holding BTC for over 155 days. According to on-chain data, LTH holdings have grown by more than two million BTC from the 14.12 million BTC recorded when the cryptocurrency hit its all-time high last year. Approximately 200,000 BTC has been added in the past month alone. This trend mirrors the typical accumulation pattern of long-term investors, who generally build their positions during bear markets and realize profits during bull runs. Notably, this recent surge breaks a two-and-a-half-year downtrend in LTH supply that had persisted since the launch of U.S. spot BTC ETFs in 2024. This shift suggests that long-term investors may once again perceive the current price level as an accumulation zone.