Bitcoin Long-Term Holder Supply Turns Positive

Bitcoin's long-term holder supply change has moved back into positive territory over the past 30 days, as the coin reclaims the $71,000 level. The primary keyword, bitcoin longterm holder supply turns, is a significant indicator of investor behavior.

Understanding Long-Term Holder Supply

The data point is getting attention because only 29% of long-term holder supply is now sitting in loss, still well below the 44% to 53% levels seen at major cycle bottoms in 2015, 2018, and 2022. According to CryptoQuant analyst Darkfost, the latest reading suggests that more Bitcoin is aging into long-term holder status than is being sold.

Bitcoin Long-Term Holder Supply Trends

Historical Context

The metric had been deeply negative before, with the 30-day moving average falling to a little under 674,000 BTC by the end of November 2025. It has now recovered to just past 308,000 BTC. Darkfost noted that in earlier market stretches, similar turns often came before price gains, though he also warned it is still too early to call it a lasting trend.

Key Factors Influencing Bitcoin Price

The current rise in long-term holder supply does not necessarily mean active accumulation. It can happen when holders simply refuse to sell. Bitcoin price action has not helped the mood, with the asset pushing above $70,000 on April 6, but the move did not hold. Weak demand remains part of the picture, with bitcoin long-term holder supply in loss reaching over 50% in 2015, and around 45% and 44% in 2018 and 2022, respectively, before those bottoms formed.

Key Takeaways

• Bitcoin's long-term holder supply change has turned positive, indicating a shift in investor behavior.
• Only 29% of long-term holder supply is currently sitting in loss, below historical cycle bottoms.
• The current rise in long-term holder supply does not guarantee stronger prices, as it can be driven by holders refusing to sell.
• Weak demand and geopolitical stress continue to impact the market.

Frequently Asked Questions

What is the significance of bitcoin long-term holder supply?

The bitcoin long-term holder supply is a key indicator of investor behavior, with a positive trend suggesting that holding dominates over selling.

How does bitcoin price action impact long-term holder supply?

Bitcoin price action can influence long-term holder supply, but the current rise in supply does not necessarily mean active accumulation, and weak demand remains a concern.