CryptoQuant: The supply of long-term Bitcoin holders has turned positive again, with the 30-day average increasing to 308,000 coins

By: rootdata|2026/04/07 16:42:01
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According to CryptoQuant analyst Darkfost, despite the current market facing geopolitical tensions and their economic impacts, the environment for risk assets remains challenging, but some investors seem more inclined to hold Bitcoin for the long term. Data shows that the supply of long-term holders (LTH) of Bitcoin is gradually increasing, presenting constructive and positive signals.

As of the end of November last year, the supply of Bitcoin long-term holders (30-day moving average) had dropped to -674,000 BTC, but it has now rebounded to a positive value, averaging an increase of about 308,000 BTC. This indicates that investor behavior is shifting from selling to holding. Although the price of Bitcoin is still fluctuating within a range, an increase in long-term holdings is often a precursor to price rises.

The analysis points out that this indicator is based on the UTXO model, reflecting the natural transfer of UTXOs created six months ago and not spent into the long-term holder category, and does not fully represent the active accumulation behavior of long-term holders. Continuous observation of this dynamic is still needed; if the supply of long-term holders continues to rise, it may become a more convincing positive signal for the market.

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