Cryptonews BITCOIN, CRYPTOCURRENCY, GLASSNODE, LTH SUPPLY, MARKET ANALYSIS, MARKET TRENDS, SUPPLY Omar El-Sharif July 4, 2025 0 Comments

Bitcoin Pattern Breaks: Near ATH But HODLers Remain Unmoved

Bitcoin’s price is close to its all-time high but HODLers are not selling.
Long-Term Holder Supply has risen sharply, indicating a growing HODLing sentiment.
Declining Liveliness suggests a significant price movement is needed to stimulate selling.

HODLing Behavior Remains Strong Among Investors

Bitcoin continues to hover close to its all-time high (ATH), yet data suggests that HODLers, or long-term investors, are not selling. Recent figures from blockchain analysis firm Glassnode illuminate a noticeable trend toward HODLing despite the price approach to record levels. Particularly, two key metrics—the Long-Term Holder (LTH) Supply and the Liveliness—point to an enduring commitment among the Bitcoin investor community, emphasizing a bullish sentiment that is both resilient and a bit perplexing given the recent price movements.

Long-Term Holder Supply Chart Signals Shift

The Long-Term Holder Supply tracks Bitcoin held in wallets for over 155 days, separating these investors from those classified as short-term holders (STHs). In recent months, the LTH Supply has seen a significant increase, as shown by Glassnode’s data. This surge is not necessarily indicative of purchasing; instead, it reflects that STHs are beginning to cross the threshold into long-term holding, suggesting a shift in mindset.

Understanding Liveliness and Its Implications

Furthermore, the Liveliness metric indicates a downward trend, which substantiates the HODLing behavior observed. Specifically, Liveliness—the ratio of coin days destroyed to coin days created—has dropped sharply compared to previous price rallies. Notably, during the past peaks, HODLers did engage in selling, which is absent in recent price increases. Glassnode analysts point out that this inertia in selling could require a significant price movement to stimulate activity again among investors, signaling a rather cautious market outlook.

In summary, Bitcoin’s recent trends reveal a strong HODLing sentiment among long-term investors as they resist selling even with prices nearing all-time highs. Analysis shows a rise in Long-Term Holder Supply, indicating a transition from short-term to long-term holding behaviors. Meanwhile, declining Liveliness suggests that without a significant price push, a return to active selling by HODLers might be unlikely.