The latest image on the Bitcoin chain started at Looks less like panic And more like patience. Data from CryptoQuant, highlighted by cryptocurrency analyst Darkfost, shows that supply from long-term holders of the coin has risen again to 15.26 million BTC, returning to a level last seen in August 2025.
This step comes in sore point for bitcoin, As the price continues to try to build strength at the $80,000 level while traders are currently divided Between another collapse And recovery.
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Long term holders add 316,000 BTC in 30 days
On the chain Data you track CryptoQuant shows that Bitcoin’s long-term holder supply (LTH) has recovered to 15.26 million BTC, levels last seen in August 2025. However, the most important details in CryptoQuant’s chart aren’t just about the long term. Pregnant supply is on the rise however And also the speed of increase last month.
LTH supply has increased by approximately 316,000 BTC over the past 30 days. Which Means more coins Aging to long-term holder status, a category used to identify investors who have held their Bitcoin for at least six months and are less likely to react to short-term fluctuations.
As shown in the chart image below, the green bars representing the 30-day change in LTH supply have increased into positive territory in recent weeks, a clear reversal from the red distribution phase that dominated late 2025.
At the end of November, the same 30-day metric showed a negative change of about 650,000 BTC, meaning that a significant amount of supply had exited the wallets of long-term coin holders during that period. That earlier phase coincided with a more weak market structure as Bitcoin retreated from its all-time high in October 2025. A deeper correction began.
Darkfost also moved this change to the previous movement of 800,000 BTC from Coinbase. His view is that May 23 could become an important date for on-chain discussions, as these coins will officially cross the six-month threshold. Once that happens, investors could see more commentary on how much of this supply will be reclassified into the hands of long-term bondholders.
Bitcoin shows strength
Also fits long term pregnant data To look separately from Analyst Michael van de Poppe, who noted that the market may be largely focused on new lows. Bitcoin’s 25% rebound from recent lows, despite war fears in the Middle East and rising yields, is a sign of resilience, according to the analyst. In his argument, a loss of the 21-day moving average does not automatically mean a loss for Bitcoin It must collapse to new lowsEspecially since the price is still holding above $76,000.
Van de Poppe also compared Bitcoin to gold, saying that the BTC/Gold RSI fell to one of its lowest readings ever. However, the previous low readings of the BTC/Gold RSI did not occur during the beginning of a bear market but came during the beginning of stronger phases for Bitcoin.
Bitcoin price chart. Source: @CryptoMichNL on X
A breakout to new lows for Bitcoin would require an invalidation of the 200-week moving average, which would break most of the cycle’s behavior outside of extreme shocks like the Luna and FTX collapse in 2022.
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This does not mean that Bitcoin cannot test lower support. A move to the $70,000 level could still happen as a test of support, but the difference is that he does not see new lower levels as the most likely outcome.
Featured image from Unsplash, chart from TradingView
