Long-term Bitcoin holders (LTHs) are making bold moves again—adding over 300,000 BTC in just 20 days, while slashing their spending to the lowest levels since September 2024. Historically, such behavior has preceded major rallies, sparking new optimism in an already hot crypto market.

📈 A Vote of Confidence
LTHs—wallets holding BTC for 155+ days—typically represent the most resilient and strategic part of the network. Their recent accumulation, even as BTC trades above $109,000, reflects strong belief in further upside.

Meanwhile, miners are increasing their exchange deposits after BTC hit its latest all-time high. Despite that, the market appears to be absorbing the extra supply well, with realized profits still below danger levels. CryptoQuant data shows 99% of BTC is now in profit—a level aligned with bullish trends, though it may also foreshadow a future cooldown if sustained.

💡 Healthy Uptrend, But Watch for Signs
Profit-taking by short-term holders is ramping up, while long-term players are buying the dip. Two major liquidation events recently wiped out over $185 million in leveraged longs, providing long-term investors an opportunity to load up quietly.

Still, some analysts warn that distribution from short-term holders often signals the later stages of bull markets. Whether this is the final leg of the current cycle or another base for growth remains uncertain.

🎯 Conclusion
The data suggests a healthy, strategic accumulation by long-term believers—but also hints we may be approaching a decision point for BTC’s next major move. For investors, it’s a time to stay sharp.

📌 This is not financial advice.