- Long-term holders add +10,700 BTCÂ in December 2025, ending a distribution stretch dating back to July.
- Adjusted data excluding Coinbase’s 800K BTC shift reveals real accumulation resuming by veteran investors.
- Historical precedents show such pivots often precede bullish consolidations or market rebounds.
The volatile world of cryptocurrency, on-chain data often provides the clearest signals amid market noise. Recent analysis from CryptoQuant reveals a significant shift in Bitcoin’s long-term holder (LTH) behavior, suggesting the end of a months-long distribution phase. LTHs, defined as addresses holding coins for over six months, have historically been key indicators of market sentiment—accumulating during bull runs and distributing during peaks.
The chart, which tracks the 30-day sum of LTH supply changes (adjusted for a massive Coinbase transfer of nearly 800,000 BTC that skewed earlier metrics), paints a compelling picture. From July 16, 2025, LTH supply had been in steady decline, reflecting aggressive selling as Bitcoin’s price hovered near all-time highs above $100,000. This distribution phase saw LTHs offloading coins to short-term holders (STHs), contributing to downward pressure and a recent dip to around $90,000.
Historical Precedent: Similar Patterns Marked Past Recoveries
However, the tide appears to be turning. The 30-day supply change has flipped positive, with approximately 10,700 BTC transitioning into long-term holdings. This modest but meaningful uptick indicates LTHs are easing off sales, allowing their overall supply share to grow as STHs hold firm. The adjustment for Coinbase’s movements—likely institutional rebalancing rather than pure selling—uncovers this reality, countering claims of ongoing aggressive LTH dumping.
Historically, such pivots from negative to positive supply changes have preceded stabilization periods or even bullish reversals. For instance, similar patterns emerged in late 2023 before Bitcoin’s surge to new highs. With broader market factors like year-end tax selling winding down and potential macroeconomic tailwinds (e.g., anticipated rate cuts), this could signal a bottoming process.
Why This Matters: LTH Behavior as a Macro Indicator
That said, caution is warranted. The change remains nascent, and external pressures like regulatory developments or global economic uncertainty could prolong consolidation. Investors should monitor complementary metrics, such as exchange netflows and coin age destruction, to confirm sustained accumulation.
For Bitcoin enthusiasts, this on-chain insight offers hope amid the dip: LTHs, the market’s steadfast backbone, may be positioning for the next leg up. As always, in crypto, data-driven decisions trump hype—keep an eye on these holders for clues to BTC’s 2026 trajectory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
