Bitcoin's long-term holder supply has climbed back to 15.26 million BTC, matching its August 2025 high after adding 316,000 coins over the past month. The cryptocurrency also shrugged off Middle East tensions and rising yields with a 25% rebound from recent lows, showing unexpected resilience.
The reversal takes shape
LTH supply reversed course after a 650,000 BTC drawdown during November 2025's correction. The past 30 days marked the first sustained accumulation since Bitcoin hit its all-time high last fall. This buildup comes after months of selling pressure that emptied wallets during the late 2025 downturn.
Signals hint at strength
The BTC/gold RSI sits at one of its lowest historical levels. Prior similar readings didn't precede bear markets but preceded stronger Bitcoin phases. This metric suggests gold is currently overvalued relative to Bitcoin compared to historical patterns.
Key support still stands
Any crash to new lows would require breaking Bitcoin's 200-week moving average. Such a collapse has only happened during extreme market shocks like the 2022 Luna and FTX implosions. The current price action remains well above that critical threshold.
Coinbase holdings shift
Eight hundred thousand BTC moved from Coinbase will officially become long-term holdings when it crosses the six-month threshold on May 23. This automatic reclassification should further boost the LTH metric just days from now. The timing isn't great for bears who'd hoped to see supply pressure continue.
