Long-Term Bitcoin Holders Show Confidence in Future Price Surge

Bitcoin’s long-term holders (LTHs) are showing a bullish signal, with data revealing an accumulation of 300,000 BTC by these wallets within the past 20 days. This coincides with LTH spending activity reaching its lowest level since September 2024. This behavior suggests confidence in future price appreciation, as LTHs are seen as crucial to Bitcoin’s long-term stability. Analysis from CryptoQuant reveals that these holders are strategically increasing their holdings and reducing spending activity – a sign of anticipation for market growth.