Long-term holders turn net accumulators, easing a major BTC headwind

Long-term holders (LTHs), defined as entities holding Bitcoin for at least 155 days, have resumed net accumulation, adding about 33,000 BTC over the last 30 days, which eases a major selling pressure on the asset. This shift follows a period where LTHs sold over 1 million BTC during the October correction, marking their largest distribution event since 2019. Selling from LTHs, alongside miner capitulation, has been a primary source of sell pressure this year. The current accumulation suggests that buyers from the past six months are now transitioning into LTH status and are outpacing prior distributions. Previous LTH distribution phases occurred in March 2024 (selling over 700,000 BTC) and November 2024 (distributing over 750,000 BTC).

(Source：CoinDesk)