According to BlockBeats news on May 7, Glassnode data shows that both short-term holders (STH) and long-term holders (LTH) of Bitcoin are increasing their holdings. Among them, LTH has been continuously accumulating since early March, while STH has also begun to increase their holdings in the past week. Glassnode defines LTH as investors holding BTC for more than 155 days, while STH refers to those holding for less than 155 days. According to their latest weekly report, LTH has increased its holdings by over 250,000 BTC since early March, bringing the total holdings of this group to over 14 million BTC.
This indicates that market confidence is recovering, and the accumulation of momentum has surpassed investors' tendency to sell for safety," Glassnode analysis pointed out.
Although STH usually operates in opposition to LTH, they have also increased their holdings by over 25,000 BTC in the past week, marking a reversal of the net reduction trend of over 200,000 BTC that started in February 2025—this reduction period coincided with Bitcoin's 30% pullback starting point. Currently, Bitcoin is hovering around $97,000, and this phenomenon of accumulation across the entire market indicates that investor confidence is being restored. However, Glassnode also points out that there is significant resistance at $99,900, and on-chain data shows that when LTH's unrealized profits reach 350%, profit-taking may be triggered. Therefore, it can be anticipated that as the price approaches this area, selling pressure will intensify, and strong buying is needed to absorb the selling pressure to maintain upward momentum.
