BTC Long-Term Holders Indicate Positive Sentiment with Unprecedented Supply Levels

The long-term holder (LTH) bitcoin supply, as reported by Glassnode, has reached an unprecedented 14.46 million BTC, indicating strong confidence in forthcoming price increases.

LTHs are defined as investors who have held bitcoin for a minimum of 155 days and are often regarded as “smart money.” They typically buy during price dips and sell at peaks during bull markets. This historic high in LTH supply implies that experienced investors are anticipating higher prices, a trend that has previously correlated with substantial price rallies.

Between March and June, LTH supply grew by roughly 500,000 BTC, while short-term holders (STHs) sold about 350,000 BTC.

Many investors now recognized as LTHs entered the market during the excitement surrounding January’s Trump inauguration and the $109,000 record. Five months later, after experiencing a 30% decline and now witnessing a resurgence to record highs, these LTHs are showing remarkable resilience.

Currently, LTHs make up approximately 73% of bitcoin’s circulating supply of 19.88 million BTC, highlighting their significant presence in the market. This concentration of bitcoin in long-term hands suggests further potential for upside in prices.

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