Bitcoin Trades Sideways Despite Positive Inflation Data and Successful US-China Trade Deal
Growing Stacks of Bitcoin Long-Term Holders Signals Bullish Outlook
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James Van Straten
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By James Van Straten|Edited by Stephen Alpher
Jun 10, 2025, 2:36 p.m.
- A record 14.46 million bitcoin held by long-term holders signals strong market confidence in future price growth.
- Past all-time highs in LTH supply have often preceded significant price increases.
Long-term holder (LTH) bitcoin supply, as tracked by Glassnode, has surged to a record 14.46 million BTC, signaling confidence that price gains are in store.
LTHs, defined as investors holding bitcoin
for at least 155 days, are often seen as “smart money,” strategically buying during price dips and selling during bull market peaks. This all-time high in LTH supply suggests that seasoned investors anticipate higher prices, a pattern historically associated with significant price rallies.
STORY CONTINUES BELOW
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From March to June, LTH supply increased by approximately 500,000 BTC, while short-term holders (STHs) sold around 350,000 BTC
Many investors now classified as LTH entered the market amid the euphoria of January’s Trump inauguration and $109,000 record. Five months later, having endured a 30% correction and now the bounce back to a record, these LTH’s are demonstrating resilience.
LTHs currently represent about 73% of bitcoin’s circulating supply of 19.88 million BTC, underscoring their dominance in the market. This concentration of bitcoin in long-term hands, suggests potential for further price upside.
James Van Straten is a Senior Analyst at CoinDesk, specializing in Bitcoin and its interplay with the macroeconomic environment. Previously, James worked as a Research Analyst at Saidler & Co., a Swiss hedge fund, where he developed expertise in on-chain analytics. His work focuses on monitoring flows to analyze Bitcoin’s role within the broader financial system.
In addition to his professional endeavors, James serves as an advisor to Coinsilium, a UK publicly traded company, where he provides guidance on their Bitcoin treasury strategy. He also holds investments in Bitcoin and Strategy (MSTR).
