Long-Term Bitcoin Holders Drive Largest Accumulation Since 2017 Amid Market Recovery

Bitcoin long-term holders (LTHs) have executed the most significant accumulation since 2017, as reported by CryptoQuant analyst Burakkesmeci.

The trend highlights renewed confidence among seasoned investors despite recent market corrections. On-chain data indicates the LTH Net Position Change metric—measuring 30-day fluctuations in Bitcoin holdings by long-term investors—peaked at 1.29 million BTC on May 24, 2026, surpassing the August 2017 milestone.

Strategic Accumulation During Downturn

Burakkesmeci clarified that the indicator reflects whether long-term holders are increasing or reducing positions. Positive values denote accumulation, while negative values indicate distribution.

He emphasized that the recent peak suggests “smart money” aggressively acquired Bitcoin as the asset approached its realized price during the downturn. This large-scale buying demonstrates strong conviction despite short-term weakness.

Post-Accumulation Price Surge

While Burakkesmeci cautioned that the metric alone cannot confirm a new bull market, he described it as a robust bullish signal.

Following the record accumulation, Bitcoin surged approximately 15%, rising from ~$58,000 to $66,000. The rally brought prices close to the Short-Term Holder Realized Price (STH RP) at ~$68,000.

The analyst identified $68,000 as critical resistance. A sustained breakout above this level in Q3 could catalyze further short-term gains.

Currently trading at $63,973—down 2.5% in the last 24 hours—Bitcoin maintains a 3.5% monthly gain.

Exchange Inflows Signal Strategic Positioning

CryptoQuant contributor Nino highlighted rising exchange activity involving Bitcoin held for 6–12 months. Exchange Inflows in the 6M–12M Spent Output Age Bands cohort increased, alongside heightened volatility in their market dominance.

He suggested this movement might represent systematic portfolio rebalancing rather than selling pressure, potentially preparing for future market phases.

Though not indicative of imminent selling, these inflows may reflect tactical positioning as Bitcoin approaches pivotal technical thresholds.

On-Chain Profitability Improves

This trend aligns with improving on-chain health. Bitcoin’s Supply in Profit metric climbed to 57.5% from 46.2% over three weeks, signaling increasing returns for long-term holders.

However, historical bear market exits required at least 64% of supply in profit. At 57.5%, markets likely remain in recovery rather than confirming a new bull cycle.

Disclaimer: This content is informational and does not constitute financial advice. Views expressed are the author’s personal opinions and do not reflect The Crypto Basic’s stance. Investors should conduct thorough research before making decisions. The Crypto Basic disclaims responsibility for any financial losses.

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