Bitcoin's long-term holders have ramped up their accumulation despite the cryptocurrency's prolonged price slump. According to recent data from CryptoQuant, the Long-Term Holder (LTH) Net Position Change of Bitcoin hit 1.29 million BTC over a 30-day period ending May 24, 2026, its highest mark in over six years.
Smart Money Moves Amid Market Weakness
This surge in accumulation surpasses the previous peak seen during the 2017 bull market. The LTH Net Position Change tracks how much Bitcoin long-term holders add to or reduce from their portfolios monthly. A positive reading signals aggressive buying by seasoned investors, contrasting with the red readings that indicate selling pressure.
What stands out is that the current wave of buying occurred while Bitcoin was trading near some of its weakest levels. While short-term traders were offloading assets, long-term holders saw the market downturn as a buying opportunity rather than a signal to exit. This pattern suggests that experienced investors expect a potential recovery, positioning themselves accordingly.
Following this increase in accumulation, Bitcoin's price rebounded approximately 15%, climbing from roughly $58,000 to $66,000. Since heavy accumulation limits the coins available for sale, it often serves as a catalyst for a price rally. If this buying trend continues, Bitcoin could be on course to test the $70,000 level.
Recently, strategic investors have shown similar confidence in Bitcoin, with a notable revamp of bitcoin metrics and new indicators helping track these shifts more effectively.
As long-term holders strengthen their grip during market lows, the dynamics hint at a shift in sentiment towards accumulation and holding rather than liquidation.
