Bitcoin’s long-term holder supply has flipped positive in the last 30 days, a significant shift in on-chain behavior as the asset’s price climbed back above $71,000 on April 8, 2026.
"This move from distribution to accumulation among long-term holders is a key indicator of market conviction," said a researcher at Glassnode, an on-chain analytics firm. "It suggests that these experienced investors are choosing to hold their assets, anticipating further price appreciation."
The data shows a clear change in trend, with long-term holders now adding to their positions rather than selling. This accumulation comes at a time when only 29% of the long-term holder supply is being held at an unrealized loss. This figure is significantly lower than the 44% to 53% loss levels seen during the major market cycle bottoms in 2015, 2018, and 2022, according to a report by CryptoQuant.
The return to an accumulation trend among Bitcoin's most steadfast investors could establish a firm price floor around the $70,000 level. With less selling pressure from this cohort, the path of least resistance for Bitcoin's price may be to the upside. The next key resistance level to watch is the all-time high, while support is now expected to be strong in the upper $60,000 range. This dynamic, combined with the recent halving event, points toward a potentially sustained bullish phase for the digital asset.
This article is for informational purposes only and does not constitute investment advice.
