Bitcoin Reclaims $90K as Long-Term Holders Strengthen Grip, Despite Millions of Coins Still in the Red
Bitcoin’s recent push above the $90,000 mark is being met with unwavering confidence from long-term holders (LTHs), even as millions of coins remain in the red.
Data from Glassnode shows that for every 1 BTC sold by short-term holders (STHs), LTHs have added 1.38 BTC to their wallets — a clear sign of conviction as the crypto market rebounds. Since Bitcoin bottomed out in January, LTHs have accumulated a massive 635,340 BTC, bringing their total stash to 13.76 million BTC.
LTHs are defined as those who’ve held their coins for at least 155 days, typically accumulating during downtrends and selling during rallies. That 155-day window reaches back to around November 20, when Bitcoin surged from $65,000 to $95,000. Many of those investors are now classified as LTHs, strengthening the foundation of support behind that price action.
Meanwhile, STHs — those who bought BTC within the past 155 days — have offloaded 460,896 BTC, often locking in profits or capitulating at a loss. Their current holdings stand at 3.52 million BTC.
Despite the recovery, many coins remain underwater. Approximately 2.6 million BTC are still held at a loss, down from a peak of over 5 million earlier this month. A large portion of those were acquired during Bitcoin’s euphoric rally past the $100,000 mark before its January peak at $109,000.
The divergence in behavior between LTHs and STHs underscores the maturing nature of the market — with seasoned holders weathering volatility while others opt to exit amid price swings.
