Nearly 80% Of Bitcoin Supply Hasn’t Moved As Long-Term Holders Tighten Grip

Bitcoin has climbed above a key price zone that analysts had flagged as a major obstacle — and that move is drawing fresh attention to who actually holds the coin.

Long-Term Holders Absorb More Supply

Around 830,000 BTC has left short-term trader wallets in recent months, pushing the share of Bitcoin held by long-term addresses to 78%, up from 74% in the previous cycle.

Data from on-chain tracking account Alphractal shows the shift is one of the largest recorded in recent memory. As more supply gets locked away in long-term wallets, the amount available for active trading keeps shrinking.

That tightening supply tends to work in favor of prices during periods of steady demand. When fewer coins are circulating, selling pressure during price dips tends to be weaker.

Reports indicate that long-term holders have been absorbing supply consistently relative to price movements, which has contributed to thinner liquidity across the market.

𝟳𝟴.𝟯% 𝗼𝗳 𝗕𝗧𝗖 𝘀𝘂𝗽𝗽𝗹𝘆 𝗶𝘀 𝗻𝗼𝘄 𝗳𝗿𝗼𝘇𝗲𝗻 𝗶𝗻 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗵𝗮𝗻𝗱𝘀. 𝗨𝗽 𝗳𝗿𝗼𝗺 𝟳𝟰.𝟭%.

That 4.2 percentage-point shift = roughly 830,000 BTC migrated from short-term to long-term cohort over the cycle. STH conviction is crumbling, LTH conviction… pic.twitter.com/aL8pTSk3Js

— Alphractal (@Alphractal) May 9, 2026

Price Structure Points To A Range With High Stakes

Bitcoin recently broke through a resistance zone between $78,000 and $80,000 — a range that had acted as a bearish block.

According to an analyst, that zone has now flipped to support, and the next target to the upside sits at $90,000. But the setup carries risk on both sides.

If that newly established support level fails to hold, a pullback toward $68,000 — and possibly as low as $60,000 — becomes a real possibility.