Bitcoin Investors Rake In $33B—Is $200K the Next Stop?

Bitcoin’s bull run isn’t just alive—it’s minting fortunes overnight. With $33 billion freshly stacked in holders’ pockets, the question isn’t ’if’ but ’how high.’

The $200K target? Suddenly, it’s not a moon shot—it’s a spreadsheet update waiting to happen.

Wall Street analysts scramble to ’reassess risk profiles’ (read: quietly FOMO into positions they mocked last quarter). Meanwhile, crypto OGs smirk—another cycle, another round of institutional amnesia.

One hedge fund manager sighs: ’We allocated 1% last year... should’ve made it 10.’ Classic finance—always late, never humble.

• Long-term Bitcoin holders have purchased 300,000 BTC in the past 20 days.
• The total value of BTC accumulated by these holders exceeds $32.9 billion.
• Spending activity by long-term holders has dropped to its lowest level in eight months.

The Bitcoin (BTC) market has entered a strong accumulation phase as long-term holders reduce spending and add to their positions. These investors have gathered 300,000 BTC over the past 20 days for a total value of about $32.9 billion. It demonstrates that both transactions and investor confidence are rising among experienced members of the crypto world.

Spending from long-term holders has fallen to its lowest level in eight months, signaling strong conviction in Bitcoin’s future. There has usually been little spending from this group before important bullish trends start. Because demand is stable and supply is low, signs now point to an expected price bump.

This decline in spending and rapid accumulation reflect a growing belief in Bitcoin’s long-term price strength. Investors who have experienced several market cycles are holding firm despite bitcoin nearing its past highs. These actions mean that selling pressure is likely to stay low in the short run.

Long-Term Holders Push Bitcoin Supply Off Exchanges

Long-term investors are transferring a lot of Bitcoin out of the active supply, making it less available on exchanges. Because of this, there isn’t as much downward pressure on prices when demand continues to increase. Its effect is felt even more strongly now because reduced miner rewards make the market more bullish after the halving.

LTH spending is at its lowest level since September 2024. Over the past 20 days, the cohort has added 300K BTC – a bullish signal for the market. pic.twitter.com/sN0YgkxQya

The accumulation of 300,000 BTC within a short period is helping these holders further improve their standing in the crypto world. Holding on to their cost basis helps investors survive a market fall. Previously, this group tended to purchase more Bitcoin as it approached these important levels.

A big surge in buying creates a less liquid supply of Bitcoin, which is vital for fast traders and organizations. Prices may go up if demand stays unchanged or grows higher, since there is not enough produce to meet demand. The previous time this type of behavior appeared, Bitcoin saw a lengthy climb.

On-Chain Signals Flash Bullish Momentum

Recent stats from Glassnode demonstrate that more people are using Bitcoin due to the surge in unique BTC addresses. A steady increase in this metric signals stronger activity across the network. More people often show interest in crypto before the price rises, particularly when supply is low.

The number of active addresses judged over the last 30 days just overtook the amount seen over the past year. Traditionally, this combination means the market is getting stronger and may head higher. We saw the same increase in late 2024 before prices started to rise.

Optimism is rising again, since the 30-day average is now leading the longer trend for the first time. This could mark the start of a fresh phase of growth in the Bitcoin market. If user activity continues to increase, Bitcoin could break new highs in 2025.

Supply Shock Builds Ahead of Potential Breakout

With both LTH spending declining and the supply cut following halving, the conditions for a supply shock are created. Bitcoin’s limited issuance is now facing stronger demand from both institutional and retail participants. This condition frequently leads to increasing product prices.

Bitcoin’s recent rally toward its previous peak has not triggered mass profit-taking among long-term holders. Instead, the rate of acquisition has increased, strengthening support areas and decreasing volatility. Consequently, there is widespread expectation that a major breakout is on the way.