Break in Historical Trends as Bitcoin Sees Inflows from Both Short- and Long-Term Holder Cohorts

Bitcoin Accumulation Rises Across All Investor Types, Defying Historical Patterns

A rare alignment is taking shape in the Bitcoin market: both long-term and short-term holders are actively accumulating BTC—something not often seen during major price consolidation phases.

As bitcoin (BTC) trades just under its record high of $112,000, on-chain data from Glassnode reveals that investor behavior is diverging from historical norms. Traditionally, long-term holders (LTHs) reduce exposure during bull markets, while short-term holders (STHs) increase theirs amid rising prices. Today, both are buying.

Investor Wallets Show Coordinated Accumulation

Since June 22, long-term holders—those holding BTC for at least 155 days—have added roughly 13,000 BTC, pushing their total to a new all-time high of 14.71 million BTC.

Meanwhile, short-term holders—investors with coins held for less than 155 days—have accumulated over 60,000 BTC, raising their total supply to more than 2.3 million BTC.

Implications: Rising Confidence and Breakout Expectations

This simultaneous accumulation suggests increased conviction across the board. Both seasoned holders and newer market participants appear to expect higher prices ahead.

If this trend continues, it could serve as a strong foundation for BTC to make a renewed push beyond its all-time high, signaling the potential for further upside in the current cycle.