Bitcoin’s long-term holders (LTHs) started buying again after a long stretch of selling that started late October 2024. The LTH Net Position Change reading (30-day total) turned positive April 6, 2025—the first time in six months.
This points to a change in feeling among these holders and could set the stage for a market upturn. This change follows a large price drop where Bitcoin fell almost 32% from its November highs.
How LTH Selling Stopped as Bitcoin Price Climbed Back Above $80k
During the earlier selling period, deep red bars on the LTH metric reflected sustained sell-offs, culminating in a historic low of -827,750 BTC in early December.
The distribution was largely blamed for dragging BTC down to sub-$75K levels. However, recent price action tells a different story. Since the beginning of this renewed accumulation, Bitcoin has rebounded by 12%, currently trading near $83,615.
Bitcoin: Long-Term Holder Net Position Change – 30D Sum
What Other Market Signs Align With Renewed LTH Interest?
The uptick in LTH buying coincides with a rise in Bitcoin’s realized cap, which has now surpassed $18 billion—its highest reading since September 2024.
This reading often came before wider market upswings previously. Also, futures market funding rates turned positive (0.0037%), suggesting more traders bet on higher prices.
Related: ‘Fed on the Clock’: Hayes Links Bond Market Stress to Coming Bitcoin Gains
Why Current LTH Buying Isn’t Yet a Strong Bull Market Signal
Although LTH buying returned, analysts remain measured in their optimism. In past cycles, such as mid-2023, net position changes above +250,000 BTC served as strong indicators of incoming bull runs. The current buying level, while welcome, is still low and needs to grow consistently to show a lasting turnaround.
Bitcoin Now Tests Key $83.8k-$84k Resistance: What’s Next?
BTC/USD chart (March 2025 – April 2025)
As of April 12, Bitcoin is currently testing a key confluence zone near $83,800, where the 100 EMA and a descending trendline intersect. Despite recent bullish momentum and a breakout from the symmetrical triangle, BTC is showing signs of hesitation at resistance. A clean break above $84,000 could trigger further upside, while rejection here may lead to a pullback toward the 50 EMA near $82,100.
Related: This Is The Indicator That Called Bitcoin’s Last ATH Run – And It’s Back
Even with these risks, the change from heavy LTH selling to net buying is a key psychological turning point for the market. Since LTH actions often come before wider market direction changes, the next few weeks seem vital to determine if this is just a short jump or the start of a larger market repair.
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