TechFlow news — On August 13, Glassnode noted in its weekly on-chain report that Bitcoin long-term holders (LTH) have resumed holding (HODLing) and accumulation after months of distribution pressure. Over the past three months, more than 374,000 bitcoins have moved into long-term holding status, indicating a renewed confidence among holders.
Although spot market activity still shows a net seller bias that hasn't fully dissipated, sharp price volatility has significantly slowed LTH distribution pressure. The proportion of value held by long-term holders has stabilized amid fluctuations and is beginning to grow again. Compared to previous cycle all-time highs (ATH), the current value held by long-term holders remains historically high. This implies that if Bitcoin prices rise in the future, LTHs may face further profit-taking pressure.
Additionally, this suggests that despite prolonged sideways price action and recent declines, long-term holders are increasingly reluctant to sell at lower prices. Overall, even amid challenging and volatile market conditions, long-term Bitcoin investors remain resilient, with evidence showing they are intensifying accumulation. These investors hold a larger share of the network's wealth, demonstrating patience as they await higher prices.
