Analyst Highlights Continued Net Growth in Bitcoin Long-Term Holder Reserves

Long-term Bitcoin Holders Keep Accumulating

New data from on-chain analyst Murphy reveals that as of February 26, Bitcoin long-term holders have maintained a net increase in reserves. Between February 13 and February 26, only 14,127 BTC were spent by long-term holders, while 19,798 BTC moved from short-term to long-term holdings.

Reduced Selling Pressure Amid Lower Liquidity

This net gain indicates a decline in turnover rates among both long-term and short-term holders. Speculative capital is gradually exiting the market, and long-term investors are showing reluctance to sell. Although this reduces overall liquidity, it also means weaker selling pressure and a more stable market environment.

• 14,127 BTC spent by long-term holders
• 19,798 BTC transitioned from short to long-term holding

This trend reflects growing investor confidence in Bitcoin's long-term value amid the current market conditions.