Bitcoin Buying Intensifies as Both Short- and Long-Term Holders Add to Positions
In a break from typical behavior, both long- and short-term bitcoin holders are simultaneously accumulating BTC—a rare signal that market sentiment is growing increasingly bullish.
As bitcoin (BTC) trades just below its all-time high of $112,000, data from Glassnode reveals a notable shift in investor behavior. Historically, these two groups move in opposite directions: long-term holders (LTHs) tend to sell into strength, while short-term holders (STHs) chase momentum. But now, both are in accumulation mode.
Both Holder Cohorts Are Increasing Exposure
Since June 22, long-term holders have added approximately 13,000 BTC, pushing their total to an all-time high of 14.71 million BTC. At the same time, short-term holders have increased their holdings by more than 60,000 BTC, raising their collective balance to over 2.3 million BTC.
Glassnode defines long-term holders as those holding coins for 155 days or more, while short-term holders hold for less than that.
What This Means for the Market
This simultaneous accumulation is rare and suggests that both seasoned investors and newer market participants expect further upside for bitcoin. It’s a potential sign of strong conviction in the market—even as prices hover near record highs.
If this trend continues, analysts believe it could serve as a powerful foundation for a breakout past the current all-time high, signaling renewed momentum in the ongoing bull cycle.
