- Long-term Bitcoin holders added about 316,000 BTC over 30 days, increasing total supply held.
- Analysts warned rising trader profit margins resemble conditions before Bitcoin’s 2022 downturn.
- Bitcoin traded near key $78,000 support while exchange outflows and selling pressure increased.
Bitcoin holders tightened their grip again this month as long-term wallets added roughly 316,000 BTC over 30 days, according to analyst Darkfost. Meanwhile, analyst Ali warned that trader profit margins reached 17%, matching conditions last seen before a major 2022 decline. The latest market data also showed large exchange outflows as Bitcoin traded near the $78,000 zone.
Long-Term Bitcoin Holders Increase Supply
According to Darkfost, long-term holders now control about 15.26 million BTC. The metric returned to levels previously recorded in August 2025.
Darkfost said the recent increase sharply contrasts with late November, when long-term holder supply dropped by roughly 650,000 BTC. He added that some investors who accumulated Bitcoin nearly six months ago still continue holding.
The analyst also referenced the movement of around 800,000 BTC from Coinbase. He noted the coins will officially become older than six months on May 23.
Meanwhile, on-chain activity reflected continued accumulation behavior. Several heavy exchange outflows appeared between May 7 and May 15. One withdrawal spike approached negative $95 million, while another neared negative $90 million.
Those outflows came as Bitcoin traded between $81,000 and $78,000 during the observed period.
Profit Margins Trigger Fresh Warning
While long-term holders accumulated, Ali pointed to rising realized profit margins among traders. According to the analyst, average trader profits reached 17%.
Ali compared current conditions to March 2022. He noted Bitcoin also tested its 200-day moving average as resistance during that period.
The analyst said that alignment previously marked the local top before a prolonged downtrend followed. However, Bitcoin now trades near critical support around $78,000.
At the same time, repeated inflow spikes above $30 million and $60 million suggested intermittent selling pressure interrupted broader accumulation activity.
Bitcoin Price Tests Key Support Levels
Bitcoin gradually weakened after peaking near $82,500 earlier in the period. By May 16 and May 17, BTC traded near the $78,000 to $78,500 range.
Despite continued outflows from exchanges, price action remained cautious. Trading activity also showed heightened volatility across several sessions.
Current resistance is between $80,000 and $81,000. Meanwhile, the $78,000 region continues acting as the immediate support zone.
The latest exchange flow data highlighted mixed market behavior as accumulation trends collided with rising profit-taking pressure.
