Bitcoin (BTC) long-term holders have quietly accumulated a net 332,600 BTC over the past 30 days, worth roughly $23B to $24B now, marking the largest sustained inflow into this cohort since the second half of 2025, when the same group was actively distributing coins.

On-Chain Shift

On-chain data highlighted by CryptoQuant community analyst Maartunn, pointed to the 30-day net position change for Bitcoin's long-term holder (LTH) group — investors who have kept their coins dormant for more than 155 days. Their counterparts, short-term holders (STHs), hold coins aged 155 days or less.

The LTH supply saw sustained negative monthly changes throughout the second half of 2025, with the most intense selling occurring in November during the broader market crash. The metric stayed negative for the remainder of the year.

That pattern reversed in January 2026. The LTH netflow has been positive since and has climbed steadily, now sitting at +332,600 BTC.

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Accumulation Context

A critical distinction applies here: growth in LTH supply does not mean fresh accumulation is happening now. Coins only enter the LTH category after being held for more than 155 days, so the current increase reflects buying that took place roughly five months ago. Selling, by contrast, resets a coin's age to zero immediately.

Still, the rising LTH supply signals a growing willingness among investors to hold through volatility.

The recent inflow has coincided with market uncertainty driven by geopolitical conflict, suggesting that a segment of Bitcoin investors remains committed to the asset despite the turmoil.

Bitcoin was trading near $70,485 at the time of writing, down more than 3% over the past week.

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