Bitcoin’s Diamond Hands Are Stacking Again—Supply Held Long-Term Reverses Downtrend

After a brief dip that had Wall Street analysts dusting off their ’crypto winter’ hot takes, Bitcoin’s long-term holder supply is climbing once more. These hodlers—the unshakable backbone of the market—are quietly accumulating while short-term traders chase memecoins and leverage themselves into oblivion.

Key trend reversal: The smart money isn’t selling. While crypto tourists panic over every 5% pullback, the OGs are treating discounts like a Black Friday sale on digital gold. This isn’t 2017’s ’buy high, sell low’ crowd—these wallets measure their holding periods in halving cycles, not TikTok trends.

The cynical kicker: Meanwhile, traditional finance keeps waiting for that ’institutional adoption’ to materialize... right after they finish their 47th PowerPoint about blockchain ’use cases.’

Long-Term Bitcoin holders Are Accumulating Again

Bitcoin’s renewed upward trend beyond the $100,000 milestone is being met with growing interest and confidence. On-chain expert and author Darkfost reports a notable shift in supply dynamics among long-term BTC holders, often regarded as seasoned investors.

Presently, the bitcoin long-term holders’ supply has increased after experiencing a rare second consecutive decline, which triggered speculation about a potential distribution from these committed holders. It also raised concerns that the seasoned investors are starting to reassess their positions during the previous slight shake downs in BTC’s price last week. However, the renewed rise in long-term holders’ supply suggests a resurgence in conviction and demand among these investors as BTC surges toward key resistance levels.

Following his thorough analysis of the key Bitcoin Long-Term Holder Binary Spending Indicator, the expert revealed that their supply has sharply increased from 14.3 million BTC to approximately 15.8 million BTC in the past few days.

Given the long-term holders’ underlying commitment, this rebound may support BTC’s ongoing uptrend, stabilizing and strengthening its current market cycle. If the supply continues to increase, it could provide the necessary momentum for BTC’s rally to extend since this development typically encourages higher price levels.

Two Key Points From The LTHs Supply Rise

Thus far, Darkfost has underlined two important points in the rise in LTHs supply. According to the expert, long-term holders who have accumulated BTC over time appear to be holding their coins currently rather than selling them.

Furthermore, some Bitcoin holders who purchased more coins recently, especially more than six months ago, now seem to be holding steadily. Together, these factors show a general desire to hang onto their coins throughout the long and medium terms.

With the current market performance, the expert noted that the rising supply among long-term holders without spending is a critical signal to observe. Another key observation outlined by Darkfost is that the amount of UTXOs spent by LTHs has drastically fallen since peaking in December 2024 and the brief panic in March when BTC fell below $80,000.

At the time of writing, BTC’s price was trading at $102,603, indicating a nearly 3% decrease in the past week. Despite the sudden drop to the $102,000 threshold, investors are still betting on the asset’s potential to continue rallying, as evidenced by a surge in its trading volume by over 79% in the past day.