Defx Insights

Tag: Long-term Holders

  • Bitcoin Long-Term Holders Push Realized Cap to $934B All-Time High

    Bitcoin’s long-term holders are demonstrating unprecedented conviction as the realized capitalization metric reaches a historic $934.88 billion milestone, signaling strengthening fundamentals amid BTC’s push above $106,000.

    Long-Term Holder Realized Cap Hits Record Territory

    As Bitcoin continues testing key resistance levels above $105,000, on-chain data reveals that the most seasoned investors are doubling down on their positions. The realized capitalization metric for long-term holders (LTH) has surged to unprecedented levels, showcasing growing confidence in Bitcoin’s long-term value proposition.

    Kyle Doops, host of the Crypto Banter Show, highlighted that “smart money isn’t just sitting around right now,” pointing to the LTH realized cap exceeding $37 billion – levels not witnessed since mid-2023. This metric represents the aggregate value of coins at the price they were last moved, providing crucial insight into holder behavior.

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    Total Bitcoin Realized Cap Breaks All-Time High

    The surge in long-term holder metrics coincides with the overall Bitcoin realized capitalization reaching an unprecedented $934.88 billion. CryptoQuant analyst Carmelo Aleman notes this milestone validates sustained buying pressure and growing capital inflows into the Bitcoin network.

    This development gains additional significance when viewed alongside Bitcoin’s recent rebound from the $100,000 support level, suggesting that experienced investors are actively accumulating during price dips.

    Market Implications and Future Outlook

    The combination of rising realized cap metrics and strong holder behavior points to several key implications:

    • Growing institutional confidence in Bitcoin as a long-term store of value
    • Reduced selling pressure from experienced market participants
    • Strong foundation for sustained price appreciation
    • Increased market maturity and reduced volatility potential

    Frequently Asked Questions

    What is Bitcoin’s Realized Cap?

    Realized Cap measures the value of all Bitcoin at the price they were last moved, providing insight into actual capital invested rather than current market price speculation.

    Why is Long-Term Holder behavior important?

    Long-term holders typically represent smart money and institutional investors. Their accumulation patterns often precede major market movements and signal strong fundamental conviction.

    What does this mean for Bitcoin’s price?

    Historical data suggests that periods of increasing realized cap and strong holder behavior often precede significant price appreciation phases in the Bitcoin market.

  • Bitcoin Long-Term Holder Confidence Soars: $20B Realized Cap Milestone

    Bitcoin Long-Term Holder Confidence Soars: $20B Realized Cap Milestone

    Bitcoin’s underlying strength continues to build as long-term holder (LTH) confidence reaches new heights, with the LTH Net Position Realized Cap surpassing $20 billion. This key on-chain metric, combined with significant exchange outflows and rising spot market dominance, suggests a potentially bullish continuation of the current uptrend.

    As Bitcoin defends the crucial $105,000 support level, on-chain data reveals mounting evidence of accumulation by seasoned investors. The flagship cryptocurrency currently trades at $105,022, showing remarkable resilience despite recent market volatility.

    Long-Term Holder Metrics Signal Growing Confidence

    According to CryptoQuant data, several bullish indicators have emerged since early June:

    • LTH Net Position Realized Cap exceeds $20 billion
    • Over 20,000 BTC withdrawn from major exchanges in 48 hours
    • Binance spot trading dominance increased from 26% to 35%

    These metrics are particularly significant as LTHs, defined as entities holding Bitcoin for more than 155 days, are often considered “smart money” investors who maintain conviction through market volatility.

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    Exchange Outflows Signal Strong HODLing Sentiment

    The substantial withdrawal of Bitcoin from exchanges suggests a shift toward long-term holding strategies. When investors move BTC to private wallets, it typically indicates reduced selling pressure and increased confidence in future price appreciation.

    Market Indicators and Future Outlook

    While the overall trend appears bullish, some caution is warranted. Recent data shows declining retail demand despite Bitcoin’s elevated price levels. However, neutral funding rates and subdued selling pressure provide a balanced foundation for potential future growth.

    Frequently Asked Questions

    What is the LTH Net Position Realized Cap?

    This metric measures the total value of Bitcoin held by long-term holders based on the price when the coins were last moved, indicating the cost basis of experienced investors.

    Why are exchange outflows considered bullish?

    Large withdrawals from exchanges typically indicate that investors plan to hold their Bitcoin long-term rather than sell, reducing available supply and potentially driving up prices.

    What role does Binance’s spot market dominance play?

    Increased spot market dominance on major exchanges like Binance often signals growing legitimate trading activity versus speculative derivatives trading.

  • Bitcoin Long-Term Holders Slow Selling at $105K – What’s Next?

    Bitcoin Long-Term Holders Slow Selling at $105K – What’s Next?

    Bitcoin’s veteran investors are showing signs of selling exhaustion as BTC trades near $105,800, with on-chain data revealing these 3-5 year holders still control a significant 11.9% of supply. This development comes as Bitcoin tests critical $107K resistance levels, suggesting potential accumulation at current prices.

    Understanding the Bitcoin Realized Cap Metric

    According to recent Glassnode data, the Realized Cap metric – which measures BTC’s aggregate cost basis – shows interesting behavior from long-term holders. This indicator provides crucial insight into actual Bitcoin valuations by calculating the price of each coin when it last moved.

    Key Findings from the Data

    • 3-5 year holders reached peak ownership of 15.7% in November 2023
    • Sharp selloff occurred during the initial price rally
    • Selling pressure paused in January before resuming in April
    • Current holdings stand at 11.9% of total Realized Cap

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    Market Implications and Future Outlook

    The recent slowdown in selling pressure could signal a strategic shift among veteran investors. As analysts predict significant capital inflow this summer, these holders may be positioning themselves for higher prices before considering further distribution.

    Technical Analysis and Price Levels

    Bitcoin currently trades at $105,800, down 3% over the past week. Key resistance levels include:

    • Immediate resistance: $107,000
    • Secondary resistance: $112,000
    • Critical support: $96,700

    FAQ

    What is Bitcoin’s Realized Cap?

    Realized Cap measures Bitcoin’s true market value by calculating the price of each coin at its last movement, providing a more accurate picture of investor cost basis.

    Why are long-term holders important?

    Long-term holders typically represent smart money and their behavior often predicts major market movements.

    What could trigger the next sell wave?

    Further price appreciation above current levels could incentivize these holders to distribute their holdings, potentially creating selling pressure.

  • Bitcoin Diamond Hands Accumulate 300K BTC: Price Target $212K

    Bitcoin Diamond Hands Accumulate 300K BTC: Price Target $212K

    Bitcoin’s long-term holders are showing remarkable conviction as on-chain data reveals a significant accumulation phase, with diamond hands adding 300,000 BTC amid price consolidation near all-time highs. This accumulation comes despite Bitcoin trading between $106,229 and $111,807 over the past five days.

    Long-Term Holder Accumulation Reaches Critical Level

    According to CryptoQuant data, the Long-Term Holder (LTH) Spending Binary Indicator has hit its lowest point since September 2024, signaling strong holder conviction. This metric has historically preceded significant price rallies, with the current reading suggesting potential upside ahead.

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    Key On-Chain Metrics Signal Bullish Momentum

    The data reveals several compelling trends:

    • Long-term holder supply has increased by 300,000 BTC in 20 days
    • 74% of Bitcoin’s circulating supply (14.6M BTC) is now held by long-term holders
    • Short-term holders have realized $11.6B in profits, while long-term holders maintain positions

    Historical Pattern Suggests $212K Target

    The current market structure bears a striking resemblance to September 2024’s accumulation phase, which preceded a 96% price surge. A similar percentage increase from current levels would put Bitcoin on track for $212,000.

    FAQ

    What defines a Bitcoin diamond hand?

    A diamond hand refers to an investor who holds their Bitcoin position through significant market volatility, typically maintaining holdings for over one year.

    Why is long-term holder accumulation significant?

    Long-term holder accumulation typically indicates strong market conviction and reduced selling pressure, historically preceding major bull runs.

    What could prevent Bitcoin from reaching $212K?

    Potential headwinds include regulatory changes, macroeconomic factors, or significant miner selling pressure.

    At time of writing, Bitcoin trades at $109,000, with technical indicators suggesting continued accumulation phase.

  • Bitcoin Long-Term Holders Move $4B as BTC Tests $112K ATH

    Bitcoin’s recent surge to a new all-time high of $112,000 has triggered significant movement from long-term holders, with on-chain data revealing strategic repositioning that could signal the next major market shift. As analysts project potential moves toward $125,000, veteran investors are showing renewed market engagement.

    Long-Term Holder Activity Signals Market Confidence

    According to Glassnode data, Bitcoin holders in the 1-5 year cohort have moved $4.02 billion worth of BTC, marking the highest activity level since February. This surge in long-term holder movement comes as Bitcoin consolidates above crucial support at $106,000, demonstrating both profit-taking and strategic repositioning by experienced market participants.

    The breakdown of holder activity reveals:

    • 3-5 year holders: $2.16B moved (second-largest this cycle)
    • 2-3 year holders: $1.41B in transactions
    • 1-2 year holders: $450M in movement

    Technical Analysis and Market Structure

    Bitcoin’s price action shows remarkable resilience as it maintains position near the $112,000 ATH. Key technical levels include:

    • Critical support: $106,000-$108,000 zone
    • Dynamic support: 34 EMA at $102,277
    • Secondary support: 50 SMA at $96,844

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    Macroeconomic Context and Bitcoin’s Role

    The surge in long-term holder activity coincides with increasing global economic uncertainty. As Bitcoin reaches new heights, its role as a hedge against traditional market instability continues to strengthen, attracting institutional interest and driving adoption.

    FAQ: Bitcoin Long-Term Holder Movement

    What does increased long-term holder movement indicate?

    Increased activity from long-term holders often precedes significant market movements, as these experienced investors typically make strategic decisions based on broader market cycles.

    Is this movement bearish or bullish?

    While some interpret this as profit-taking, the broader context suggests strategic repositioning rather than exit liquidity, especially given Bitcoin’s strong technical structure and institutional adoption trends.

    What are the key price levels to watch?

    The critical resistance lies at $112,000, with major support at $106,000. A breakthrough above $112,000 could trigger momentum toward $120,000.

  • Bitcoin Long-Term Holders Strengthen Position as BTC Tests $112K ATH

    Bitcoin Long-Term Holders Strengthen Position as BTC Tests $112K ATH

    Bitcoin continues to show remarkable strength near its all-time high of $112,000, with on-chain data revealing a significant trend: long-term holders (LTHs) are strengthening their positions rather than taking profits. This behavior suggests growing confidence in Bitcoin’s long-term prospects and could signal further upside ahead.

    As noted in recent market analysis showing long-term holders buying the $185M liquidation dip, experienced investors continue to demonstrate strong conviction in Bitcoin’s future. The latest data shows LTHs, defined as addresses holding BTC for more than six months, are actively accumulating rather than distributing their holdings.

    Long-Term Holder Behavior Signals Market Strength

    According to insights from top analyst Darkfost, LTH supply concentration has reached notable levels, with these experienced investors showing no signs of distribution despite prices testing all-time highs. This pattern historically precedes sustained bull runs, as reduced liquid supply typically creates upward price pressure.

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    Short-Term Holders Take Profits

    In contrast to LTH behavior, short-term holders (STHs) are actively taking profits at current levels. This divergence between long and short-term holder behavior often precedes increased market volatility and potential price discovery phases.

    Technical Analysis and Price Levels

    Bitcoin currently trades at $109,863, consolidating below the crucial $112,000 resistance level. Key support lies at $103,600, with technical indicators suggesting continued bullish momentum:

    • 34-day EMA: $101,928 (rising)
    • Critical support zone: $103,600-$105,000
    • Next potential targets: $120,000-$125,000

    FAQ

    Q: What defines a Bitcoin long-term holder?
    A: Any address holding Bitcoin for more than six months is considered a long-term holder.

    Q: Why is LTH behavior significant?
    A: LTH behavior often predicts market trends as these investors typically have more experience and stronger conviction.

    Q: What could trigger the next major move?
    A: A daily close above $112K with strong volume could trigger a move toward $120K-$125K price targets.

    As Bitcoin tests these critical levels, the market remains focused on LTH behavior as a key indicator for future price action. The continued accumulation by experienced investors suggests strong fundamentals supporting current price levels.

  • Bitcoin Liquidations Hit $185M as Long-Term Holders Buy the Dip

    Bitcoin Liquidations Hit $185M as Long-Term Holders Buy the Dip

    Bitcoin’s recent price correction from $112,000 to $106,600 has triggered a significant market event, with over-leveraged traders facing substantial losses while long-term investors capitalize on the opportunity. This price action reveals a stark contrast between different market participants’ strategies and risk management approaches.

    Understanding the $185M Liquidation Event

    According to CryptoQuant analysis, the weekend’s price movement resulted in approximately $185 million in long position liquidations. The cascade occurred in two major waves:

    • First wave: $97 million liquidated at $110,900
    • Second wave: $88 million wiped out below $109,000

    These liquidations primarily affected ‘late longs’ – leveraged positions opened after recent price rallies by traders attempting to capture continued upward momentum. Despite recent predictions of Bitcoin reaching $200,000, these aggressive positions proved unsustainable during short-term volatility.

    Long-Term Holder Accumulation Reaches New Heights

    While short-term traders faced liquidations, long-term holders (LTH) demonstrated strong conviction by increasing their positions. The LTH realized capitalization has surpassed $28 billion – a new record since April 2025. This accumulation pattern suggests growing institutional confidence in Bitcoin’s long-term value proposition.

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    Market Structure Remains Healthy

    Several indicators suggest this bull run differs from previous cycles:

    • Limited market euphoria despite new all-time highs
    • Strong institutional buying pressure
    • Healthy technical indicators showing minimal overheating
    • Growing long-term holder base

    Expert Analysis and Price Targets

    Market analysts remain bullish on Bitcoin’s prospects. Notable predictions include:

    • Gert Van Lagen: $300,000 price target for current cycle
    • Recent achievement of highest weekly close in history
    • Continued institutional interest, including potential new purchases by Michael Saylor’s Strategy

    FAQ Section

    What caused the recent Bitcoin liquidations?

    The liquidations were triggered by a price drop from $112,000 to $106,600, affecting over-leveraged long positions that were opened during the recent rally.

    How are long-term holders responding to the dip?

    Long-term holders are actively accumulating Bitcoin, with the LTH realized capitalization exceeding $28 billion for the first time since April 2025.

    What’s the current Bitcoin price outlook?

    Bitcoin currently trades at $109,535, up 1.9% in 24 hours, with analysts maintaining bullish predictions ranging from $200,000 to $300,000 for this cycle.

  • Bitcoin Long-Term Holders Show Resilience at $100K: Key Metrics Signal Strength

    As Bitcoin maintains its position above the historic $100,000 mark, on-chain data reveals fascinating insights into long-term holder behavior. Recent analysis of key metrics has indicated potential profit-taking, but the broader picture suggests a remarkably resilient market structure.

    Understanding Current Market Dynamics

    The Spent Output Profit Ratio (SOPR) shows increased profit realization, particularly following Bitcoin’s surge from $74,000 to new highs. However, this profit-taking appears measured and healthy, characteristic of mid-cycle behavior rather than market tops.

    Long-Term Holder Supply Analysis

    Despite some distribution, the Long-Term Holder Supply metric continues its upward trajectory. Over 70% of Bitcoin’s supply remains in wallets older than six months, indicating strong conviction among experienced investors. This aligns with broader market projections targeting $200,000 for Bitcoin in 2025.

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    HODL Waves and Market Implications

    The HODL Waves analysis reveals a subtle shift in holder composition, with newer entrants gradually transitioning into long-term holders. This organic market maturation suggests sustainable growth rather than speculative excess.

    Future Outlook and Market Sentiment

    Current data indicates we’re still in a structurally sound phase of the bull market. While some profit-taking is occurring, it’s happening at a sustainable pace that historically precedes further upside potential.

    FAQ Section

    Are we seeing signs of a market top?

    No, current metrics suggest healthy mid-cycle behavior rather than exhaustion typically seen at market peaks.

    What percentage of Bitcoin is held by long-term investors?

    Over 70% of Bitcoin’s supply is currently held in wallets older than six months.

    Is the current profit-taking concerning?

    No, the current level of profit-taking appears sustainable and typical for this stage of a bull market.

  • Bitcoin Long-Term Holders Offload $138B as Price Tests $107K Resistance

    Bitcoin Long-Term Holders Offload $138B as Price Tests $107K Resistance

    Bitcoin’s recent surge to $107,000 has triggered a significant distribution wave from long-term holders, raising questions about market sustainability and institutional absorption capacity. While Bitcoin ETFs continue showing strong inflows, on-chain data reveals concerning trends in holder behavior.

    Long-Term Holder Distribution Analysis

    According to CryptoQuant data, long-term holders (LTH) have distributed over 2 million BTC since November 2023, equivalent to approximately $138 billion at current prices. This massive selloff represents one of the largest distribution waves in Bitcoin’s history, occurring as prices reached new all-time highs above $100,000.

    Key distribution metrics:

    • Total BTC distributed: 2+ million
    • Remaining LTH supply at risk: 500,000 BTC
    • Distribution timeframe: 6 months
    • Average holding period: 18 months to 3 years

    Price Action and Technical Analysis

    Bitcoin currently trades in a critical zone between $100,000 and $107,000, with several technical factors at play:

    • Strong support: $100,000 psychological level
    • Key resistance: $107,000 recent high
    • 200-day SMA: $92,994
    • 200-day EMA: $88,664

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    Institutional Absorption Capacity

    The key question facing the market is whether institutional demand can absorb the continued LTH distribution. Recent data showing $785M in crypto fund inflows suggests strong institutional appetite, but concerns remain about sustained buying pressure.

    FAQ Section

    What is causing long-term holders to sell?

    Profit-taking after significant price appreciation and portfolio rebalancing appear to be the primary motivators for LTH distribution.

    Will institutional demand continue?

    ETF inflows and corporate treasury adoption indicate strong institutional interest, but market participants should monitor weekly flow data for signs of changing sentiment.

    What are the key price levels to watch?

    The $100,000 support level remains crucial, while breaking above $107,000 could trigger a move toward new all-time highs.

    Market Outlook

    While the substantial LTH distribution presents near-term headwinds, strong institutional demand and technical support at $100,000 suggest the broader uptrend remains intact. Traders should closely monitor volume patterns and institutional flow data for signs of changing market dynamics.

  • Bitcoin Long-Term Holders Supply Surges 10% as BTC Tests $105K

    Bitcoin Long-Term Holders Supply Surges 10% as BTC Tests $105K

    Bitcoin’s long-term holder (LTH) supply has witnessed a significant 10% surge, jumping from 14.3 million to 15.8 million BTC, signaling renewed confidence as the flagship cryptocurrency tests the critical $105,000 resistance level. This accumulation pattern emerges amid growing evidence that Bitcoin could reach $120,000 in the near term.

    Key Findings from Long-Term Holder Analysis

    On-chain expert Darkfost’s analysis reveals two crucial developments in Bitcoin’s holder behavior:

    • Established long-term holders are maintaining their positions rather than distributing
    • Recent buyers from 6+ months ago have transitioned to holding status

    This accumulation pattern follows a broader trend of institutional Bitcoin adoption, suggesting growing confidence in Bitcoin’s long-term value proposition.

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    Technical Analysis and Market Implications

    The current market metrics show several bullish indicators:

    • LTH supply ratio has reached 73% of total circulating supply
    • UTXO spending rate has decreased significantly since December 2024
    • Trading volume has surged 79% in the last 24 hours

    Expert Outlook and Price Projections

    Despite a recent 3% weekly decline to $102,603, the increasing LTH supply suggests strong underlying support. Technical analysis indicates potential for further upside, with key resistance levels at $105,000 and $107,000.

    FAQ Section

    What defines a Bitcoin long-term holder?

    A long-term holder is typically defined as an investor who has held Bitcoin for more than 6 months without moving their coins.

    Why is LTH supply significant?

    LTH supply indicates market sentiment and conviction, with higher levels typically correlating with reduced selling pressure and potential price appreciation.

    What’s the current market outlook based on LTH data?

    The increasing LTH supply suggests strong holder conviction and could support Bitcoin’s push toward new all-time highs above $120,000.