{"id":170029,"date":"2026-05-24T15:00:21","date_gmt":"2026-05-24T15:00:21","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=170029"},"modified":"2026-05-24T15:00:21","modified_gmt":"2026-05-24T15:00:21","slug":"bitcoin-lth-supply-surge-does-not-reflect-real-demand-heres-why","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=170029","title":{"rendered":"Bitcoin LTH Supply Surge Does Not Reflect Real Demand \u2014 Here\u2019s Why"},"content":{"rendered":"

The price of Bitcoin seemed set for another round of pain<\/a> over the weekend after falling below the psychological $75,000 level on Saturday morning. However, the premier cryptocurrency has somewhat recovered and is looking to reclaim $77,000 as of this writing. At the same time, an increase in the supply of Bitcoin\u2019s long-term investors was also observed on the day, although the signal might not be what it seems.<\/p>\n

Here\u2019s Why BTC LTH Supply Data Is Skewed<\/strong><\/h2>\n

In a recent post on the X platform, pseudonymous analyst Darkfost revealed<\/a> a surge in the Bitcoin supply held by long-term holders (LTH) over the past few days. However, this supposed rise in LTH activity might not be as relevant to BTC\u2019s growth as the data would ordinarily suggest.<\/p>\n

Highlighting data from CryptoQuant, Darkfost shared that the long-term holder supply has increased from 15 million to 15.8 million BTC over the past two days. The on-chain analyst noted that this metric is among the numerous data points affected by Coinbase\u2019s movement of roughly 800,000 BTC in November 2025.<\/p>\n

\u00a0<\/p>\n

Between November 22nd and 23rd, the US-domiciled crypto exchange shuffled 800,000 BTC (worth nearly $70 billion, at the time) between its internal wallets. As Darkfost mentioned, this maintenance transfer destroyed old LTH UTXOs (unspent transaction outputs) and created new but skewed Bitcoin datasets.<\/p>\n

The crypto analyst wrote on X:<\/p>\n

As a result, datasets across multiple platforms incorporated this movement, affecting UTXO-based metrics, age and value cohorts, STH\/LTH cost basis, realized value, volumes, and more.<\/p>\n

Saturday, May 23rd marked six months since the Bitcoin transfer, with the moved BTC now fully transitioned from the short-term holder (STH) to the long-term holder supply.<\/p>\n

Typically, an increase in LTH supply signals increased accumulation and a growing conviction among the most seasoned crypto investors<\/a>. However, market participants might want to exercise caution when making decisions with this on-chain signal, considering that it does truly reflect an increase in investor demand.<\/p>\n

What\u2019s Next For Bitcoin Price?<\/strong><\/h2>\n

In a separate post on the X platform, Darkfost identified<\/a> the next major resistance level for the Bitcoin price. Highlighting the STH cost basis, the analyst said that this resistance currently sits just above the $80,000 mark.<\/p>\n

According to Darkfost, the short-term investors seem to be choosing to cut their losses rather than holding for a reversal, as evidenced by resistance the Bitcoin price faces at their average cost basis. Hence, the premier cryptocurrency needs a sustained break above the $80,000 ceiling for its recovery journey to continue.<\/p>\n

As of this writing, BTC is valued at around $76,490, reflecting a 1% price increase in the past 24 hours.<\/p>","protected":false},"excerpt":{"rendered":"

The price of Bitcoin seemed set for another round of pain over the weekend after falling below the psychological $75,000 level on Saturday morning. However, the premier cryptocurrency has somewhat recovered and is looking to reclaim $77,000 as of this writing. At the same time, an increase in the supply of Bitcoin\u2019s long-term investors was […]<\/p>\n","protected":false},"author":0,"featured_media":170030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-170029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/170029"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=170029"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/170029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/170030"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=170029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=170029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=170029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}