PANews reported on April 7th that, according to CryptoQuant analyst Darkfost, despite the current challenging environment for risk assets due to geopolitical tensions and their economic impact, some investors appear to be more inclined to hold Bitcoin for the long term. Data shows that the supply of Bitcoin long-term holders (LTH) is gradually increasing, presenting a constructive and positive signal.

As of the end of November last year, the supply of Bitcoin held by long-term holders (30-day moving average) had fallen to -674,000 BTC, but has since rebounded to positive territory, increasing by an average of approximately 308,000 BTC. This indicates that investor behavior is shifting from selling to holding. Although the price of Bitcoin is still fluctuating within a range, an increase in long-term holdings is often a harbinger of price increases.

Analysis indicates that this indicator, based on the UTXO model, reflects the natural transfer of UTXOs created six months ago that have not been spent to the long-term holder category, and does not fully represent the active accumulation behavior of long-term holders. This dynamic still needs continuous monitoring; if the supply of long-term holders continues to rise, it could become a more convincing positive signal for the market.