Long-term Bitcoin holders gained over 750K BTC in 30 days while the coin stayed near the top price range.
The buying trend grew stronger even with Bitcoin staying above $100K showing a change in investor behavior.
Past cycles saw this behavior only during price drops but now it is happening at very high levels instead.
Bitcoin’s long-term holders are now accumulating at the fastest pace ever recorded, according to recent on-chain metrics shared on June 28, 2025. Data from CryptoQuant shows that net position changes among long-term holders have reached a 30-day accumulation sum exceeding +750,000 BTC. This trend is occurring while Bitcoin trades near its historical highs, suggesting renewed confidence from seasoned investors.
Source: X
The chart, shared by market analyst Maartun via Twitter, shows green bars representing accumulation surging past all previous cycles. This behavior closely mirrors accumulation events during major Bitcoin bottoms in past cycles, yet it’s now happening near price peaks. Could this signal a strategic shift in how long-term holders view current price levels?
Long-Term Holders Build Positions Despite Elevated Prices
Historically, long-term holders tend to accumulate during low-price environments and reduce exposure during price surges. However, the latest data defies that trend, as the current accumulation phase is unfolding while Bitcoin trades above $100,000.
CryptoQuant's visual shows that the current 30-day sum of net position change is near +800,000 BTC. This level is higher than the green accumulation spikes seen after the 2018 crash and during the 2020 COVID-19 dip. It is also more significant than accumulation levels recorded before Bitcoin’s 2021 bull run.
The chart also demonstrates that the Bitcoin price (blue line) continues to rise while the green accumulation bars increase. This alignment suggests strong conviction among long-term investors. They appear to be treating this price zone not as a peak but as a strategic entry point.
Such accumulation near highs may reflect institutional confidence, improved regulatory clarity or expectations of limited downside risk. These investors, typically more patient and data-driven, appear willing to hold even at elevated prices.
Historical Patterns Show Contrast With Current Behavior
Past Bitcoin cycles have shown accumulation phases mostly around lows and sell-offs during market rallies. The ongoing pattern diverges sharply from these norms.
In 2018 and 2022, sharp red spikes—indicating long-term selling—followed price surges. The current cycle lacks similar aggressive red outflows. Instead, a series of green bars dominate the chart, suggesting continued inflow into long-term holder wallets.
For example, the data from 2020 showed accumulation spikes after Bitcoin fell below $5,000. In contrast, today's accumulation is happening above $105,000. This significant shift hints at changing risk appetite or evolving market dynamics among veteran holders.
The difference in behavior could be attributed to maturing market structure or stronger confidence in long-term digital asset valuation. Unlike in past cycles, long-term investors appear undeterred by current valuations.
Community and Analysts React With Optimism
The chart received attention from top crypto commentators and on-chain analysts shortly after its release. One tweet described the trend as the “highest rate of accumulation in history.”
Supporters called the move “bullish for Bitcoin” and highlighted strong hands accumulating as a positive sign. Comments like “diamond hands accumulating” and “people are buying more” flooded the post, reflecting growing retail and institutional interest.
Data-driven optimism is reflected not just in numbers but in the sentiment shared across crypto communities. The continued buildup of long-term positions paints a picture of belief in sustained market strength. This shift in long-term accumulation behavior may play a pivotal role in Bitcoin’s trajectory as it enters a potentially new price discovery phase.
