What You Need to Know:

• Long-term holders (LTH) have boosted their Bitcoin supply by 13,000 BTC since June 22, reaching a new peak of 14,713,345 BTC.
• In contrast, short-term holders (STH) increased their BTC holdings by over 60,000 BTC, now totaling more than 2.3 million BTC, reflecting an overall optimism in the market.

As Bitcoin (BTC) continues its multi-week consolidation slightly below its record high of $112,000, an intriguing accumulation trend is taking place. Data from Glassnode reveals that both short-term and long-term holders are increasing their holdings, which is atypical as these groups generally behave in contrasting ways.

BTC attempts to make new all-time highs. (ArtTower/Pixabay)

The following chart illustrates the 155-day threshold used by Glassnode to classify coins as belonging to Long-Term Holders (LTH) or Short-Term Holders (STH).

Since June 22, supply from LTHs has climbed by 13,000 BTC, returning to an all-time high of 14,713,345 BTC. During that same timeframe, STHs have added over 60,000 BTC, managing a holding of over 2.3 million BTC.

Typically, LTHs cash out during bullish market rallies whereas STHs tend to buy during phases of market exuberance. This newfound alignment points to a shared expectation of rising prices. Should these cohorts continue to spike their holdings, the likelihood of breaking all-time highs grows stronger.

Disclaimer: Portions of this article were generated via AI tools and subsequently verified by human editors to ensure accuracy.