Diamond Hands Dominate: Bitcoin’s Record Accumulation as Long-Term Investors Hold Firm (2025 Update)

Bitcoin's bull run isn't fueled by hype—it's being driven by cold, hard conviction. Long-term holders are stacking sats like never before, turning 'weak hands' into an endangered species.

The Accumulation Game

While Wall Street debates ETFs and macro trends, crypto's OGs are quietly executing the ultimate buy-and-hold strategy. On-chain data reveals wallets holding 1+ years now control a record share of circulating supply—and they're not selling.

Market Mechanics Shift

This isn't your 2021 meme-coin frenzy. With institutional custody solutions maturing and regulatory clarity (finally) emerging, Bitcoin's volatility profile looks more like a tech growth stock than a casino chip. Though let's be honest—some hedge funds still treat it like the latter.

The takeaway? When the 'tourists' panic-sell during corrections, these diamond-handed accumulators just see a discount. And with the next halving cycle approaching, their patience might soon look prophetic—or just remind us all how short-term most financial 'experts' really think.

In Brief

• Long-term Bitcoin holders are accumulating at historic levels, showing strong conviction to hold.
• Much of the long-term supply was bought between $95K–$107K, a pattern seen only six times before.
• Wallets holding at least 10 BTC have surged to their highest level since March.

Historic Surge in Bitcoin Held by Long-Term Investors

Data from on-chain analytics platform CryptoQuant reveals that the supply held by long-term investors—those who haven’t moved their coins for over six months—has surged to new highs, with around 800,000 Bitcoin being added each month.

This steady accumulation, occurring while bitcoin trades above six figures, signals strong conviction among holders who show little urgency to sell. CryptoQuant commentator Darkfrost described this surge as a crucial signal that shouldn’t be overlooked.

Interestingly, much of the supply entering the long-term holder category was originally bought in the $95,000 to $107,000 range. This level of long-term holding has only occurred six times in Bitcoin’s entire history. Each instance has marked a period of strong investor conviction and often signalled key moments in the market cycle.

Whales Build Positions as Short-Term Holders Hold Critical Support

Supporting this long-term trend, other on-chain metrics highlight rising interest from large investors. Blockchain research firm Santiment noted a sharp increase in wallets holding at least 10 Bitcoin, reaching their highest level since March. 

The consistent pattern of large-wallet accumulation during market pullbacks reinforces the broader sense of a bullish market structure, despite the occasional price dips and market anxiety.

While long-term holders build a foundation for future price growth, short-term holders are also playing an important role in defining support levels. These are investors who have held Bitcoin for less than six months. On average, this group bought in at just under $100,000, making that level a crucial benchmark.

Over the weekend, Bitcoin briefly dipped to around $98,000. The price drop tested the lower boundary of a high-activity range that stretches from $93,000 to $100,000. This area has acted as a dense supply zone since the market peaked earlier in the year. 

Coinglass revealed that Bitcoin’s price briefly dipped just above the short-term holder cost basis, around $98,200, before recovering. This price range has become a crucial support level. As long as Bitcoin stays above it, the market structure remains intact. However, if the price falls below and lingers there, it could trigger increased selling from newer holders who might start to exit their positions.

Momentum Indicators Reflect Balance, Not Weakness

Bitcoin’s momentum has cooled—but not collapsed. While prices remain steady, technical indicators reveal a balanced market with potential for a new move. Here’s what the Relative Strength Index (RSI) is saying.

• RSI at 53.68 shows Bitcoin is in a neutral zone, with no extreme buying or selling pressure
• Price holds steady around $106,000, reflecting balance after May’s short-term peak
• RSI remains above the signal line, hinting at a possible shift to upward momentum
• A slow RSI downtrend since May shows cooling—not breakdown—in price movement
• Room remains for a breakout if fundamentals and accumulation continue to support the trend

What’s notable is that, despite strong buying from long-term holders, large wallets, and ETF inflows, Bitcoin has been trading within the $100,000 to $110,000 range for a full month. Over this period, the price has barely increased and even dropped close to 2% in the last 30 days. This steady, range-bound movement reflects a consolidation phase, indicating sustained interest rather than a loss of momentum.

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