- Long-term Bitcoin holders now control 14.5M BTC, showing growing trust in its future and helping stabilize prices during market shifts.
- Bitcoin holding patterns show investors stayed strong above $100K, signaling reduced fear and rising belief in long-term gains.
- Data shows more people are holding Bitcoin through ups and downs, suggesting the market is maturing and panic selling is fading.
Currently, long-term Bitcoin owners own about 14.5 million BTC. 69% of the entire amount of Bitcoin in circulation is represented by this accumulation. Furthermore, the data shows a strong relationship between the price swings of Bitcoin in recent years and long-term holding tendencies. This pattern also shows that institutions are becoming more confident in Bitcoin’s long-term value proposition.
Dramatic Supply Shifts During Market Cycles
The chart reveals fascinating patterns during major market cycles. Consequently, long-term holders reduced their positions during the 2017-2018 bull run. Their supply dropped from 10.5 million to 8.5 million BTC during this period. However, they began accumulating again throughout 2018’s bear market. Besides this pattern, similar behavior occurred during the 2020-2021 cycle.
During the recent all-time highs of Bitcoin, long-term holders held onto their shares. Throughout 2024, their supply was consistent at about 14 million Bitcoin. This behavior also stands in stark contrast to past bull market cycles.
Price Correlation Strengthens Market Confidence
There are some intriguing complexities in the link between the quantity of long-term holders and the price of Bitcoin. Furthermore, price peaks frequently occur during times of decreased long-term holder supply. On the other hand, accumulation phases usually take place during times of market consolidation or downturn. Natural price support levels are thus produced by this pattern.
Currently, Bitcoin trades above $100,000 while long-term holders maintain record positions. Consequently, this combination suggests underlying demand and reduced selling pressure. Besides institutional adoption, retail investors adopt long-term holding strategies. Moreover, this trend indicates growing market maturity and reduced volatility expectations.
The data shows Bitcoin’s evolution from speculative asset to store of value. Furthermore, sustained long-term holding patterns suggest increasing confidence in Bitcoin’s future prospects.
