Bitcoin Holders Show Confidence as Selling Hits Lows
Key Takeaways
- Long-term Bitcoin holders (LTH) have reduced their spending by $10 billion USD.
- The number of BTC spent by LTH is at its lowest level since mid-2021.
- The LTH MVRV indicator has shown a positive trend since December 2024.
- This reluctance to sell indicates growing confidence and continued accumulation.
- The Bitcoin price is benefiting from the stability provided by long-term holders.
Long-Term Holders Drastically Reduce Spending
In recent months, a clear trend has emerged among Bitcoin investors: long-term holders — addresses that have not moved their BTC for at least 155 days — are spending significantly less. According to data from Glassnode, the volume spent by LTH has dropped from $18 billion USD to just $8 billion USD. This represents a decline of over 55% since February 2025.
This trend shows that many investors are holding onto their positions despite recent price volatility. Notably, the spending activity of this group is at its lowest level since mid-2021.
Positive Trend in LTH MVRV
A key indicator for evaluating long-term holders is the so-called LTH MVRV (Long-Term Holder Market Value to Realized Value). This measures the ratio between the current market value and the average purchase price of the held coins.
Since December 2024, this indicator has shown a consistently positive trend. This means that the held BTC are, on average, worth significantly more than at the time of purchase. This development points to growing profits and strong conviction among holders.
Confidence Despite High Entry Prices
Many of the currently held coins were purchased near all-time highs. Nevertheless, the data shows no signs of panic selling. On the contrary: the coins continue to age — a sign that owners are not selling, but are instead betting on long-term value growth.
This attitude strengthens the market. As long as LTH do not sell their BTC, there is less selling pressure. This, in turn, stabilizes the price and creates room for new buyers.
You should read that too:
-
Asian Slots – The Best Asia-Themed Online Slot GamesReading time: ~ 3 minutes
-
Guides
Reading time: ~ 3 minutes
-
Igloo Ventures SRL
Reading time: ~ 3 minutes
-
Food and Drink Slots: The Best Slot Games Inspired by Culinary Delights
Reading time: ~ 3 minutes
-
Space Slots – Best Space-Themed Slots
Reading time: ~ 3 minutes
Cycle of Selling and Re-Accumulation
Between 2023 and 2025, LTH sold over 2 million BTC in total. However, this sell-off was offset by subsequent re-accumulation. This means that after selling, many investors bought BTC again and held them long-term.
This balance between distribution and repurchase is crucial for Bitcoin’s price stability. It prevents sharp declines and supports a healthy market structure.
Bitcoin Price Outlook
The current restraint shown by LTH suggests that Bitcoin is unlikely to face significant selling pressure in the short term. At the same time, short-term and speculative investors are entering the market to benefit from price recoveries.
As long as long-term holders stick to their strategy, the Bitcoin price is likely to remain above the $81,000 USD level. However, if this group’s confidence weakens, the price could fall below $80,000 USD again.
A potential next target area is $87,500 USD — provided accumulation continues and demand remains stable.
Our Assessment
The data clearly shows: long-term Bitcoin holders are currently in a strong position. Their profits are rising, and their willingness to sell is decreasing. This combination provides market stability and gives the price room to recover.
For you as an investor, this means: the current phase could present an opportunity to position yourself — provided you follow a long-term strategy. Short-term fluctuations remain possible, but the fundamentals currently point to a positive outlook.
Sources
- Glassnode
- Checkonchain
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $87,227.00 |
| 24h % | 2.12 % |
| 7d % | 0.46 % |
| 30d % | -3.03 % |
| 60d % | -14.33 % |
| 1y % | 32.80 % |
| Market Cap | $1,731,057,558,795.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
Advertising transparency