Bitcoin (BTC) Long-Term Holders (LTHs) Return to Buying After 6-Month Sell-Offs

Bitcoin's long-term holders (LTHs) started buying again after a long stretch of selling that started late October 2024.

Long-term holders (LTHs) of Bitcoin (BTC) have started buying again after a prolonged period of selling that began in late October 2024.

According to data from Glassnode, the LTH Net Position Change indicator, which measures the 30-day total change in the sum of LTH hodlers’ net positions, has finally turned positive.

The last time the indicator showed net buying over 30 days was on April 6—the first time in six months.

This shift in mood among LTHs, who are defined as entities holding coins for at least 153 days or more, could be setting the stage for a market upturn.

The change in behavior comes after a steep price decline that saw Bitcoin fall almost 32% from its November highs.

Earlier Periods Saw Massive LTH Selling

During the previous periods of selling, the LTH metric showed deep red bars, indicating sustained sell-offs. By early December, the 30-day total reached a historic low of -827,750 BTC.

This massive distribution was largely blamed for dragging BTC down to sub-$75K levels. However, recent price action tells a different story.

Since the beginning of this renewed accumulation, Bitcoin has rebounded by 12%, currently trading near $83,615.

Moreover, the uptick in LTH buying coincides with a rise in Bitcoin’s realized cap, which has now surpassed $18 billion—its highest reading since September 2024.

This reading, the value of coins last moved at the time of writing, often came before wider market upswings.

Also, futures market funding rates have turned positive (0.0037%), suggesting more traders are betting on higher prices.

While the return of LTH buying is a positive development, analysts remain measured in their optimism.

In past cycles, such as mid-2023, net position changes above +250,000 BTC served as strong indicators of incoming bull runs.

The current buying level, while welcome, is still relatively low and needs to grow consistently to show a lasting turnaround.