Long-Term Holders' Supply is Rising Again, Gaining More Space in Bitcoin's Overall Distribution

Long-Term Holders (LTH) currently hold 14.39M BTC (72.48%), while Short-Term Holders (STH) hold 5.46M BTC (27.48%).

At first glance, this may not look too promising for short-term price action, as historically, periods of continuous accumulation by LTH have often been followed by downward price pressure. That’s because the supply held by Short-Term Holders tends to correlate more closely with current demand and price movements.

However, when we look at the 1-year change in LTH Accumulation vs. Distribution, it clearly shows that Long-Term Holders are back in accumulation mode — which can be seen as a long-term bullish signal, especially considering today’s uncertain global macro environment.

🔗Alphractal