Bitcoin Long-Term Supply Surges 308,000 BTC

Bitcoin's long-term holder supply has surged in recent weeks, marking a shift toward accumulation among investors despite ongoing price volatility around the 68,000 mark. Data from on-chain analytics show an increase of approximately 308,000 BTC in long-term holdings over the past 30 days, as coins age beyond six months without being moved. This trend, observed as of early April, reflects a growing preference for retaining assets amid market uncertainty.

The cryptocurrency briefly topped 70,000 on April 6 before retreating to around 68,000, influenced by broader economic pressures and geopolitical tensions, including the U.S.-Israel-Iran conflict. Analysts attribute the rise in long-term supply not to fresh purchases but to coins transitioning from short-term to long-term categories after remaining dormant. "This shift in behavior is notable, as it signals a growing inclination to retain Bitcoin even during periods of low spot demand," said analyst Darkfost, whose data tracked the metric flipping from a net loss of 674,000 BTC to a positive gain.

Institutional investors have bolstered this resilience, with spot Bitcoin exchange-traded funds recording net inflows of 471.3 million...