Bitcoin Long-Term Holders Reach Record Accumulation Amid Rising Profits

Bitcoin's long-term holders have accumulated their largest amount of Bitcoin in nearly six years, according to recent data from on-chain analytics firm CryptoQuant.

The 30-day Long-Term Holder (LTH) Net Position Change climbed to around 1.29 million BTC in late May, surpassing previous peaks from the 2017 market rally and even exceeding levels seen during the 2020 and 2021 bull markets.

Historically, similar periods of robust accumulation by long-term holders have emerged as speculative traders reduced exposure, while investors with high conviction strengthened their positions quietly.