Bitcoin Long-Term Holder Supply Nears Record High, Reversing Multi-Year Downtrend
Long-term holders (LTHs) are generally defined as investors who have held Bitcoin for at least 155 days and are less likely to sell in the near term. Changes in their supply are often viewed as an indicator of ownership structure and long-term confidence. After declining for years, LTH supply has reversed course, suggesting that more BTC is moving into the hands of holders with low turnover.
CryptoQuant data shows that Bitcoin's long-term holder supply has risen to 16.3 million BTC, approaching its January 2024 record high. LTHs accumulated more than 2 million BTC during the bear market. However, the firm cautioned that some of the increase may reflect existing holdings naturally aging into LTH status rather than new buying, leaving concerns about a shortage of buyers.
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The history behind this eventBitcoin Long-Term Holder Supply Tops 15 Million as Analysts See $60,000 Support Holding
Glassnode generally classifies Bitcoin held for more than 155 days as long-term holder supply. These coins tend to move less frequently in the short term, making the metric useful for gauging potential selling pressure. As more BTC leaves active circulation, market supply tightens, making changes in long-term holdings an important indicator when assessing support at $60,000.
The latest on-chain data showed that long-term holder supply had surpassed 15 million BTC, accounting for 71.6% of the total. Analysts also said Bitcoin's weekly RSI had turned bullish for the first time since February. They believe the likelihood of the cryptocurrency falling below $60,000 again has decreased substantially, though technical indicators do not guarantee that the price will hold.
Bitcoin Holdings by Long-Term Buyers Surge 300% to 4 Million BTC, Tightening Liquid Supply
Bitcoin’s supply is capped at 21 million coins, and continued accumulation by long-term holders reduces the amount available for trading on exchanges. Stockpiling strategies led by major institutions such as MicroStrategy have therefore become an important gauge of market liquidity and potential supply-demand imbalances.
Since the end of 2025, the cohort known as “conviction buyers” has expanded by 300% and now holds about 4 million BTC, nearly 20% of Bitcoin’s maximum supply. About 70% of recent entrants have unrealized gains. Analysts warned that if demand accelerates, declining liquid supply on exchanges could amplify price swings and trigger a supply shock.
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