Patterns Break as Both Short and Long Term Holder Cohorts Accumulate Bitcoin
2025-07-09 14:08:18
Main Idea
Both short-term and long-term Bitcoin holders are accumulating BTC, breaking typical patterns where these groups usually diverge in behavior during market cycles.
Key Points
1. Long-term holders (LTH) have increased their BTC supply by 13,000 since June 22, reaching an all-time high of 14,713,345 BTC.
2. Short-term holders (STH) have grown their BTC supply by over 60,000 BTC in the same period, now holding more than 2.3 million BTC.
3. Typically, LTHs sell during bull markets while STHs buy amid market greed, but currently both cohorts are accumulating.
4. Glassnode data highlights this unusual trend as Bitcoin attempts to reach new all-time highs.
Description
As bitcoin BTC continues a now multi-week consolidation just below its all-time high of $112,000, an interesting accumulation phenomenon is occurring. Both short-term and long-term holders have been increasing their stacks as distinct cohorts, which is unusual because these groups typically act in opposite directions, according to Glassnode data. The chart below from Glassnode illustrates the 155-day threshold used to classify coins as belonging to Long-Term Holders (LTH) or Short-Term Holders (...
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