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Patterns Break as Both Short and Long Term Holder Cohorts Accumulate Bitcoin
The stack sizes of long term and short term holders typically move in opposite directions.
Updated Jul 9, 2025, 1:33 p.m. Published Jul 9, 2025, 1:08 p.m. 1 min read
What to know:
- LTH supply has increased by 13,000 BTC since June 22, reaching an all-time high of 14,713,345 BTC.
- At the same time, STHs have grown their BTC holdings by over 60,000 BTC, now totaling more than 2.3 million BTC, signaling optimism across the board.
As bitcoin continues a now multi-week consolidation just below its all-time high of $112,000, an interesting accumulation phenomenon is occurring.
Both short-term and long-term holders have been increasing their stacks as distinct cohorts, which is unusual because these groups typically act in opposite directions, according to Glassnode data.
The chart below from Glassnode illustrates the 155-day threshold used to classify coins as belonging to Long-Term Holders (LTH) or Short-Term Holders (STH).
Since June 22, the LTH supply has increased by 13,000 BTC, returning to an all-time high of 14,713,345 BTC. Meanwhile, over the same period, STHs have grown their BTC supply by more than 60,000 BTC and now hold over 2.3 million BTC.
According to Glassnode data, LTH and STH cohorts usually diverge because LTHs often sell into bull market strength, while STHs tend to buy amid market greed and euphoria.
This alignment suggests that both groups of market participants are expecting higher prices. If both cohorts continue increasing their supply, there is a strong possibility that all-time highs will be surpassed.
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XRP stayed trapped inside the same consolidation structure after another rejection near $1.36, with traders watching whether months of compression finally resolve into a larger move.
What to know:
- XRP remains locked in a tightening trading range between roughly $1.30 and $1.38, with repeated failures near $1.36 reinforcing that zone as major resistance.
- Despite weak short-term momentum and a failed breakout attempt near $1.36, support around $1.30 continues to hold as larger holders show few signs of aggressive selling.
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