Bitcoin Long-Term Holders Accumulate 800k BTC, Define $95K–$107K Support
On-chain analytics firm CryptoQuant reports that Bitcoin long-term holders (LTHs)—addresses holding BTC for at least six months—have net accumulated a record 800,000 BTC over the past 30 days, surpassing prior peaks in July 2021 and September 2024 that preceded major price rallies. Coins moving into the LTH cohort carry an average acquisition cost of $95,000–$107,000, establishing this zone as a strong support level. Short-term holders (STHs) maintain a cost basis just below $100,000, with a support range of $93,000–$98,000; Glassnode warns that breaching this band could trigger deeper corrections. Additionally, so-called “Satoshi Era” miners have sold only 150 BTC so far in 2025, underscoring early stakeholders’ holding mentality. Traders should monitor these on-chain supply shifts, cost-basis thresholds and miner behavior for insights into potential entry and exit points.
Bullish
The record net accumulation of 800,000 BTC by long-term holders highlights strong conviction and reduced selling pressure, while defined cost-basis zones at $95K–$107K (LTHs) and $93K–$98K (STHs) create clear support levels. Minimal selling by “Satoshi Era” miners further limits supply. Historically, similar accumulation phases preceded major rallies, suggesting a bullish outlook in both the short and long term as traders respond to on-chain supply shifts and support thresholds.