Bitcoin Long-Term Holders Add 254K BTC, Showing Confidence Despite Price Volatility

This accumulation trend, highlighted in Glassnode’s recent tweet, shows that many of these purchases occurred above the $95,000 mark — levels at which BTC was trading during recent highs. Despite the market’s price swings, spending by these holders remains light, a signal of growing confidence and minimal appetite for de-risking at current price levels.

Long-Term Accumulation Resumes

The chart provided by Glassnode illustrates that after a drop in long-term holder supply earlier this year, the balance has started to climb again. This suggests that a new cohort of holders has entered the market, and previous holders have chosen to retain their positions rather than sell into strength.

Historically, rising long-term holder balances often align with renewed bullish sentiment and longer-term price support. These holders are typically less reactive to short-term volatility, reinforcing the idea that Bitcoin is increasingly viewed as a strategic asset rather than a speculative one.

READ MORE:

Bitcoin Price Poised for a Breakout, According to Important Indicator

Implications for Market Sentiment

This behavior indicates growing market maturity. The reluctance to sell — even after significant gains — suggests a strong belief in higher long-term valuations. Many of these holders, who accumulated at prices above $95,000, appear unfazed by corrections, and their conviction could form a strong support base for Bitcoin’s price.

In essence, the accumulation by long-term holders could act as a stabilizing force as Bitcoin navigates its next potential bull cycle. If history is any guide, this kind of silent accumulation often precedes major price rallies.

The post Bitcoin Long-Term Holders Add 254K BTC, Showing Confidence Despite Price Volatility appeared first on Coindoo.