Bitcoin’s long-term holders are doubling down on their conviction, accumulating over 254,000 BTC that has now aged beyond 155 days, according to on-chain analytics firm Glassnode.
This accumulation trend, highlighted in Glassnode’s recent tweet, shows that many of these purchases occurred above the $95,000 mark — levels at which BTC was trading during recent highs. Despite the market’s price swings, spending by these holders remains light, a signal of growing confidence and minimal appetite for de-risking at current price levels.
Long-Term Accumulation Resumes
The chart provided by Glassnode illustrates that after a drop in long-term holder supply earlier this year, the balance has started to climb again. This suggests that a new cohort of holders has entered the market, and previous holders have chosen to retain their positions rather than sell into strength.
Historically, rising long-term holder balances often align with renewed bullish sentiment and longer-term price support. These holders are typically less reactive to short-term volatility, reinforcing the idea that Bitcoin is increasingly viewed as a strategic asset rather than a speculative one.
Implications for Market Sentiment
This behavior indicates growing market maturity. The reluctance to sell — even after significant gains — suggests a strong belief in higher long-term valuations. Many of these holders, who accumulated at prices above $95,000, appear unfazed by corrections, and their conviction could form a strong support base for Bitcoin’s price.
In essence, the accumulation by long-term holders could act as a stabilizing force as Bitcoin navigates its next potential bull cycle. If history is any guide, this kind of silent accumulation often precedes major price rallies.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-long-term-holders-add-254k-btc-showing-confidence-despite-price-volatility/