Bitcoin’s Diamond Hands: Why This Defiant Group Won’t Sell – Is a Major Rally Brewing?

Bitcoin hodlers dig in—while paper hands panic.

The Unshakables

A stubborn cohort of Bitcoin investors refuses to cash out, even as volatility shakes weak hands. Their resolve? Stronger than a Wall Street banker's grip on taxpayer bailouts.

Liquidity Lockdown

With supply tightening and institutional FOMO creeping in, the stage might be set for another explosive move. Forget fundamentals—this is a psychological battleground.

Bulls vs. Bots

Algos flash red, but human conviction writes the next chapter. One thing's certain: markets always punish the impatient. Tick tock.

Spending by Bitcoin LTHs plummets

According to Glassnode, spending by long-term holders was at a two-week low at press time. 

Source: Glassnode

As bitcoin recovered from the recent slump, LTHs’ bullish sentiment surged. This group has continued to hold its position, with supply near all-time highs of 14.7 million BTC.

The ongoing market behavior reflects continued conviction as seasoned investors remain reluctant to distribute despite recent market volatility.

Instead of selling, LTHs have continued to accumulate, as evidenced by Bitcoin’s HODLer Net Position Change.

After holding within negative for nearly two months, this metric turned positive over the last week and hit 10.33k BTC, signaling massive accumulation. 

Source: Checkonchain

 Historically, strong accumulation from LTH has marked ideal buy zones before major upsides.

This is because their continued stacking incentivizes other market participants to re-enter the market, which strengthens demand.  

Source: Checkonchain

Likewise, Bitcoin’s RHODL Ratio was around 2.7k at press time, reflecting high long-term conviction relative to short-term speculative interest. 

What this means for BTC

As expected, reduced spending and accumulation by LTHs have positively impacted BTC, causing the king coin to make a strong recovery and hit a high of $106.8k.

Bitcoin’s long-term holders’ reluctance to distribute signals strong bullish sentiment among the group. Such conditions allow BTC to record more gains, as it will face less selling pressure from LTHs in the foreseeable future.

Additionally, rising stacking from LTHs means that they are actively absorbing sell pressure from STHs and other profit takers. Therefore, if market conviction from LTHs holds, Bitcoin will make more gains.

A continued rise after the recent breakout will see BTC first reclaim $107k and then eye $109,457. However, if sentiment from LTHs reverses and starts distributing again, sell pressure will pull BTC back to $104,348.