<div id="readability-page-1" class="page"><div>Bitcoin’s latest on-chain picture is beginning to look less like panic and more like patience. Data from CryptoQuant, highlighted by crypto analyst Darkfost, shows that long-term holder supply has climbed back to 15.26 million BTC, returning to a level last seen in August 2025.The move comes at a sensitive point for Bitcoin, with the price still trying to build strength around $80,000 while traders are currently split between another breakdown and a recovery.Long-Term Holders Add 316,000 BTC In 30 DaysOn-chain data tracked by CryptoQuant shows that Bitcoin’s long-term holder (LTH) supply has recovered to 15.26 million BTC, levels last seen in August 2025. However, the most important detail in the CryptoQuant chart is not only that long-term holder supply is rising but also the speed of the increase in the past month.LTH supply has grown by roughly 316,000 BTC over the past 30 days. That means more coins are aging into long-term holder status, which is a category used to identify investors who have held their Bitcoin for at least about six months and are less likely to react to short-term volatility.As shown in the chart image below, the green bars representing the 30-day change in LTH supply have increased into positive territory in recent weeks, which is a distinct reversal from the red distribution phase that dominated late 2025.At the end of November, the same 30-day metric showed a negative change of about 650,000 BTC, meaning a large amount of supply had moved out of long-term holder wallets during that period. That earlier phase coincided with a more vulnerable market structure as Bitcoin rolled over from its October 2025 all-time high and began a deeper correction.<figure></figure>Bitcoin LTH Supply ChangeDarkfost also relayed this change to the earlier movement of 800,000 BTC from Coinbase. His point is that May 23 could become an important date for on-chain discussions, as those coins will officially cross the six-month threshold. Once that happens, then investors could see more commentary around how much of that supply is being reclassified into the hands of long-term holders.Bitcoin Showing StrengthThe long-term holder data also fits into a separate outlook from analyst Michaël van de Poppe, who noted that the market may be too focused on new lows. According to the analyst, Bitcoin’s 25% rebound from its recent lows, despite Middle East war concerns and a rise in yields, is a sign of resilience. In his argument, losing the 21-day moving average does not automatically mean Bitcoin must collapse into new lows, especially since the price is still holding above $76,000.Van de Poppe also compared Bitcoin against gold, saying the BTC/gold RSI has fallen to one of its lowest readings ever. However, previous low readings in the BTC/gold RSI did not happen during the start of a bear market but came during the beginning of stronger Bitcoin phases.<figure></figure>Bitcoin Price Chart. Source: @CryptoMichNL On XA crash to new lows would require Bitcoin to invalidate the 200-week moving average, something that would break most cycle behavior outside extreme shocks such as the Luna and FTX collapses in 2022.This does not mean that Bitcoin cannot test lower support. A move to $70,000 could still happen as a support test, but the difference is that he does not see new lows as the most likely outcome.Featured image from Unsplash, chart from TradingView</div></div>

MARA

RIOT

COIN

Bitcoin's long-term holder (LTH) supply has risen to 15.26 million BTC, a level not seen since August 2025, with an increase of 316,000 BTC in the past month. This suggests a shift towards patience among investors. Despite market volatility, analysts indicate Bitcoin's resilience, noting a 25% rebound from recent lows. While a test of lower support at $70,000 is possible, new lows are not seen as likely unless significant market changes occur.

- Bitcoin's long-term holder supply has increased to 15.26 million BTC, a level not seen since August 2025, indicating a trend of patience rather than panic.  
- In the past month, long-term holders added approximately 316,000 BTC, suggesting more coins are transitioning to long-term status amidst a volatile market struggling around $80,000.  
- Analysts believe this recovery in long-term holder supply, alongside Bitcoin's recent price resilience despite external concerns, may signal a potential strength in the market rather than a collapse.

NewsBTC

Mara

Riot Platforms

Coinbase

Hut 8 Mining

GraniteShares 2x Long COIN Daily ETF

Bitwise Bitcoin Std Corporations ETF

Fidelity Wise Origin Bitcoin Fund - ETF

Invesco Galaxy Bitcoin ETF

VanEck Bitcoin ETF

Grayscale Bitcoin Miners ETF

Amplify Transform Data Sharing ETF

Global X Fintech

Invesco Alerian Galaxy Crypto Economy ETF

ARK 21Shares Bitcoin ETF

ProShares UltraShort Bitcoin ETF

Defiance Daily Target 2X Long RIOT ETF

WisdomTree Bitcoin Fund

Bitwise Bitcoin ETF

Leverage Shares 2X Long COIN Daily ETF

ProShares Bitcoin Strategy ETF

Franklin Bitcoin ETF

Hashdex Bitcoin Futures ETF

GraniteShares 2x Long MARA Daily ETF

YieldMax COIN Option Income Strategy ETF

Direxion Daily Crypto Industry Bull2XETF

Valkyrie Bitcoin and Ether Strategy ETF

Global X Blockchain ETF

iShares Bitcoin Trust ETF

CoinShares Bitcoin ETF

ARK Fintech Innovation ETF

Schwab Crypto Thematic ETF

Bitcoin LTH Supply Climbs Back To August 2025 Levels As 316K BTC Move Into Strong Hands