Long-Term Bitcoin Holders Reach Record High, Signaling Strong Market Confidence

The share of Bitcoin held by long-term investors has surged to an all-time high, reinforcing a bullish outlook for the world’s largest cryptocurrency.

According to on-chain data from Glassnode, long-term holder (LTH) supply has climbed to a record 14.46 million BTC, reflecting growing conviction among seasoned investors. LTHs — defined as addresses that have held Bitcoin for at least 155 days — are often considered “smart money,” known for buying during market dips and selling during peak rallies.

The increase in LTH supply comes alongside a notable reduction in short-term holder (STH) balances, highlighting a broader shift in market structure. Between March and June, LTHs accumulated roughly 500,000 BTC, while STHs sold off around 350,000 BTC, according to the report.

Many of today’s LTHs first entered the market during the January rally around Trump’s inauguration, when Bitcoin hit its then-record of $109,000. Since then, the market has weathered a 30% correction before rebounding to fresh highs — and these investors have held firm.

Now, LTHs control approximately 73% of Bitcoin’s 19.88 million BTC circulating supply, a level of dominance that historically precedes major price advances.

“This level of long-term accumulation suggests a strong foundation beneath the current market,” Glassnode analysts noted, adding that LTH behavior has often been a leading indicator of bullish price trends.

The growing concentration of Bitcoin in long-term hands signals that expectations for further gains remain intact — particularly as market participants look beyond short-term volatility.