- Long-term Bitcoin holders resumed accumulation in April 2025 after months of distribution during price spikes earlier in the year.
- The LTH supply bottomed at 14.3M BTC as prices hovered between $75K–$85K, signaling renewed confidence among seasoned investors.
- Investor sentiment is shifting as long-term holders strategically buy dips, aligning with Bitcoin’s steady upward price movement.
According to crypto analyst Credibull Crypto, Bitcoin’s long-term holder supply has gone through a shift in recent months. After several months of distribution, long-term holders are now accumulating again. The transition from selling into price rallies to buying during dips indicates a strong shift in market sentiment.
LTH Distribution and Price Trends in 2024
Long-term holders (LTHs) distributed Bitcoin during price spikes in 2024, displaying traditional market behavior. According to the data, Bitcoin fluctuated between $40,000 and $50,000 at the beginning of 2024. LTHs steadily decreased their holdings at this time, bringing the supply down from 15.7 million Bitcoin to 14.8 million by the middle of the year.
However, by July 2024, LTHs began accumulating again. This accumulation phase lasted through October, pushing the supply up to 16.2 million BTC. The price surge to around $100,000 in October 2024 was in sync with this period of growing investor confidence.
Distribution Slows and Accumulation Resumes
With 2024 in effect, distribution began again, peaking between late 2024 and early 2025. LTHs sold aggressively during price spikes. Nevertheless, the selling rate slowed in January 2025, and a steep reduction in the selling rate was seen by April 2025. Bitcoin’s price having reached the $75,000-$85,000 level, saw the long-term holder supply bottom at around 14.3 million BTC.
By April 2025, a notable shift occurred. LTHs began accumulating Bitcoin once more, marking the beginning of a new cycle. The accumulation phase aligns with recent upward price movement. Experienced investors are once again adding to their positions during the dip, signaling confidence in the long-term outlook.
Market Sentiment Shifting
Long-term holders have moved from a distribution phase to one of accumulation. As price volatility continues, seasoned investors are making strategic moves. The current trend shows that LTHs are capitalizing on lower prices, positioning themselves for potential gains in the coming months.
