Bitcoin Whales Accumulate as Long-Term Holders Hit All-Time High

Bitcoin’s bullish undercurrent continues to strengthen as on-chain data and derivatives market behavior reveal aggressive accumulation from long-term holders and whales.

According to data from Glassnode and Alphractal, the current market structure reflects growing conviction from experienced investors—even as prices consolidate below recent highs.

Long-Term Holders Reach Record 14.7M BTC

Glassnode reports that long-term holders—defined as wallets holding Bitcoin for over 155 days—now control a record 14.7 million BTC. These investors are statistically less likely to sell, and most coins acquired near the $100,000 breakout remain dormant. This dormancy signals strong market conviction and reduced selling pressure, creating a more stable foundation for future price appreciation.

The trend echoes Bitcoin’s historical bull market patterns, where long-term accumulation often precedes major price rallies. As more coins exit circulation and enter long-term wallets, available supply on exchanges tightens—often a precursor to upward price momentum.

Whales Stack Long Positions as Shorts Get Liquidated

Meanwhile, data from Alphractal highlights a surge in whale activity within the derivatives market. The Whale Position Sentiment indicator, which tracks cumulative long positions over $1 million, shows a sharp increase in aggressive buying. As short positions continue to be liquidated, whales are doubling down on their bullish outlook.

This behavior closely aligns with Bitcoin’s recent price action, reinforcing the idea that major players are setting the tone. With whales controlling the majority of global trading volume, their positioning often acts as a reliable forward indicator.

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Outlook: Supply Squeeze Meets Whale Demand

With long-term holders locking in supply and whales actively building positions, Bitcoin appears primed for a strong move—pending a catalyst. Should retail participation reenter or macro liquidity remain favorable, current conditions could set the stage for a breakout.

For now, the data paints a bullish picture: strong hands are in control, and supply-side pressure continues to fade.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.