Bitcoin's long-term holdings hit a new all-time high... HODL confidence is once again strengthening

Bitcoin (BTC) long-term holders reach a new all-time high. On-chain data shows that investors holding for more than 155 days are less likely to sell their coins, indicating that the market’s “HODL” confidence is strengthening again.

On the 13th, on-chain and cycle analyst Root posted a report on X stating that the supply of Bitcoin held by long-term holders (LTH) reached 14.8 million BTC, setting a new all-time high (ATH). Long-term holders are defined as investors holding Bitcoin for over 155 days, whereas short-term holders (STH) are classified as those who bought recently. Generally, the longer the holding period, the lower the likelihood of selling.

In the second half of last year, the number of long-term holders decreased, with profit-taking occurring, and during Bitcoin’s price decline, some panic selling was also added. But since the low point in February this year, the trend has reversed. As accumulation has increased again, signs that long-term holders are tightly holding onto their coins have become evident.

However, this indicator does not directly reflect current buying pressure. Due to the 155-day lag, the recent upward movement is more about the result of past purchases entering the long-term holding zone. Even so, the market interprets this as a signal that investors prefer medium- to long-term holding rather than short-term volatility.

Bitcoin’s price recently paused its upward momentum, trading sideways around $87,000. At an exchange rate of 1 USD to 1497.70 KRW, this is approximately 80k KRW. Although on-chain indicators show that supply has not decreased, the price remains within the range, and in the short term, Bitcoin is likely to continue a tug-of-war between “holding mentality” and “wait-and-see mentality.”

Article summary by TokenPost.ai

🔎 Market interpretation The number of Bitcoin long-term holders (LTH) has reached 14.8 million BTC, a new all-time high, indicating increasing long-term market confidence. Although recent prices have been sideways, the dominant structure favors holding mentality over selling pressure. However, this indicator has a 155-day lag effect and does not directly reflect current buying.

💡 Strategy highlights The main trend is interpreted as maintaining a medium- to long-term perspective rather than pursuing short-term gains. In a volatile market, staggered accumulation strategies are more effective than blindly chasing rallies. Within the LTH growth zone, the likelihood of a sharp decline is low, but the pace of upward movement may also be more gradual.

📘 Terminology explanation LTH (Long-Term Holder): Investors holding BTC for over 155 days. STH (Short-Term Holder): Investors who bought recently and are sensitive to price changes. HODL: An investment term meaning to hold long-term regardless of price fluctuations.

💡 Frequently Asked Questions (FAQ)

Q. Does an increase in long-term holders mean the price will rise? Not necessarily an immediate price increase. The long-term holder indicator reflects past purchases that only become apparent after some time, so interpreting it as a sign of investor confidence over the long term is more appropriate than viewing it as current buying pressure.
Q. Why is sideways price movement seen as a positive signal? Even if prices do not surge rapidly, low selling pressure and strong holding tendencies are inherently positive. This is interpreted as reducing the risk of a sharp drop and laying the foundation for future gains.
Q. What strategies are suitable for the current market? The market is not in an uptrend but in a range-bound consolidation, so compared to short-term trading, staggered buying or long-term holding strategies are relatively more advantageous. Especially in volatile ranges, avoiding blind chasing of rallies is crucial.

TP AI notes: This summary uses a language model based on TokenPost.ai and may omit main content or differ from actual facts.