Bitcoin Holders Are Huddling: Short and Long-Term Cohorts Build Their Fortunes

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What You Should Know (or Not Care About):

  • Long-term holders (LTHs) have decided to stash away another 13,000 BTC since June 22, pushing their stash to an all-time high of 14,713,345 BTC. Is this a “good idea”? Who knows, they’re probably just enjoying the view from their mountain of coins. 🤑
  • Short-term holders (STHs), clearly feeling the same magic, have added over 60,000 BTC to their holdings, totalling more than 2.3 million BTC. All of a sudden, everyone is acting like Bitcoin is about to turn into a spaceship. 🚀

Bitcoin seems to be in one of its many “meh” moods, consolidating just below its all-time high of $112,000. But wait—this time, something odd is happening. An accumulation party is underway, and BOTH short-term and long-term holders are stacking more Bitcoin, which is not what usually happens. I mean, is everyone suddenly feeling optimistic or just throwing their money at a glittering carrot in the distance? 🤔

According to Glassnode data (that super-accurate source of Bitcoin gossip), LTHs and STHs typically act like two rivals, one selling in the bull’s face while the other buys into the euphoric madness. But now, they’re both on the same side—hoarding coins like they just found the last hidden treasure chest in a video game. 🎮

The chart below, courtesy of Glassnode (the charting sages), shows the 155-day threshold they use to classify coins as belonging to either Long-Term Holders (LTH) or Short-Term Holders (STH). I know, I know—could it be more complicated? Just let the graphs do the talking. 📉

So, since June 22, the LTHs have been on a buying spree, increasing their supply by 13,000 BTC, reaching a new all-time high of 14,713,345 BTC. Meanwhile, the STHs have been on a roll, adding 60,000 BTC to their stash, and now control over 2.3 million BTC. Exciting times, folks!

Usually, LTHs and STHs behave like that one friend who says “I’m doing great” while secretly binge-watching 80s sitcoms and eating cold pizza in their room. The LTHs often sell during bull runs, while STHs jump in when everyone else is piling on like it’s a Black Friday sale. But now, both groups seem to be on the same page, like they’ve figured out that higher Bitcoin prices are a thing worth chasing. 🏃‍♂️💨

If both groups continue accumulating, well, folks, brace yourselves for a possible run past all-time highs. You could even say this is the calm before the storm… or maybe just before the next Bitcoin moonshot. 🌑

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2025-07-09 17:12