Although Bitcoin is yet to regain momentum, trading consistently in a downside trajectory, it appears that its long-term holders are stepping into the market again.
Latest onchain data from CryptoQuant shows that Bitcoin’s long-term holders, known for retaining their positions even through diverse market cycles, have been increasingly stacking up Bitcoin again.
Bitcoin sees strong accumulation despite downtrend
The data shows that Bitcoin’s Long-Term Holder (LTH) Net Position Change has marked its largest green reading in over six years, reaching 1.29 million BTC over a 30-day period on May 24, 2026.
While this marks its highest level in six years, the metric has surpassed the previous record achieved during the 2017 bull market, sparking questions about whether the Bitcoin bull market is already near.
It is important to note that the Bitcoin LTH Net Position Change metric measures how much Bitcoin long-term investors have added to or reduced from their holdings over the past month.
While a red reading on the Bitcoin LTH Net Position Change suggests that investors are selling, such a high green reading in the metric shows that smart money holders are accumulating aggressively.
What to expect?
Unlike in previous cycles, the strong accumulation from Bitcoin long-term holders this time arrived when Bitcoin was trading near its weakest levels.
Although speculative traders had massively distributed their assets, smart money holders are buying instead, suggesting that seasoned investors viewed the market downturn as an opportunity to buy and hold rather than a reason to exit.
The data further showed that the strong accumulation from long-term holders sparked a massive 15% rebound in the price of Bitcoin, surging from about $58,000 to $66,000.
While such strong accumulation typically reduces the amount of Bitcoin available for sale, it drives a potential rally in the price of the asset, suggesting that Bitcoin may be set for a further rally to $70,000 if the buying persists.
