LTH Bitcoin Holdings Drop Sharply as Market Tests Conviction

LTH Bitcoin holdings drop sharply. As market conviction is being tested, you can visit CDS for more information on the subject.

Published by Begüm DİLBAZ

16 December 2025, 20:03 published Updated 16 December 2025, 20:03

LTH Bitcoin Holdings Drop Sharply as Market Tests Conviction

LTH Bitcoin Holdings Drop Sharply: What Comes Next?

Glassnode data shows that in December, LTHs decreased their holdings. In mid-July, total LTH balances were 14.8 million BTC. Today, there are 14.3 million BTC. Due to this circumstance, long-term holders’ portion of the total Bitcoin supply in circulation dropped to 71.92%. According to the above chart, this level was last observed in April. Bitcoin fell from its all-time high of $109,000 on January 20 to $74,000 at the time of the April data. In July, LTHs boosted their output to 76% by taking advantage of the low pricing. As a result, Bitcoin’s price rises by 65% to reach its all-time high of $123,000.

Bitcoin On-Chain Data Shows Rising LTH Selling Pressure

LTHs may view the recent decline in the price of Bitcoin to $84,000 as a chance to increase their holdings if a similar situation materializes. Over the following several months, this leads to a recovery to new all-time highs. Zooming out, during retail-driven phases, LTH supply usually experiences steep drops. As demonstrated in 2017 and 2021, these declines frequently correspond with cycle peaks and times when long-term holders boost selling.

According to CryptoQuant’s analysis of the LTH supply change, on a rolling 30-day basis, the supply decreased by 1.1 million BTC on November 26, the second-largest on record. Over the last 30 days, the LTH supply had dropped by 761,000 coins as of Monday. This implies that when concerns about further price declines grow, these investors are giving up.

BTC Technical Structure Deteriorates After Support Loss

Bitcoin lost support from the 50-week MA and the yearly open at $93,300, weakening its technical structure. The BTC/USD pair validated a bear flag on Friday by falling below its lower limit at $92,000. The first area of interest is between the $83,800 local low (Dec. 1) and the multimonth low of $80,500 (Nov. 21). Losing this support zone would allow a larger correction toward the flag’s measured goal at $68,500, supported by the 200-week MA. A 20% drop from the current price would occur.