According to recent analysis from CryptoQuant, long-term Bitcoin holders (LTH) are taking a steady approach in their movements, which could indicate where BTC is headed next. As Bitcoin climbs near its previous all-time high, long-term holders have been accumulating, though not without some moderated selling.
As shown in the above chart, CryptoQuant’s research tracks the “LTH 30-Day Net Position Change,” a metric that shows the monthly net growth or decline of Bitcoin held by long-term holders. Right now, we’re seeing a slight dip in net position change, meaning that while there’s been some selling, it’s more reserved than what we saw at previous highs. In fact, CryptoQuant highlights that this sell-off is “approximately 2.5 times smaller than the reduction seen at the prior ATH level.”
This shift reflects a more restrained approach among long-term holders, possibly setting up for a near-term rally. As CryptoQuant puts it, this “moderated selling suggests that LTHs are positioning themselves for a potential rally” while still maintaining the bulk of their holdings.
For anyone tracking Bitcoin trends, this tempered activity is worth noting. Long-term holders seem cautiously optimistic, signaling a solid level of confidence as BTC gains momentum. At time of writing Bitcoin is changing hands at $72,200 according to CoinMarketCap data, very steady over the last 24hours with hardly any change.
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