glassnode: Bitcoin long-term holders have actually reduced their holdings by 370,000 BTC in the past month

CoinNetwork · 2026-01-29T16:02:51+00:00

According to glassnode data, over the past 30 days, long-term holders (LTH) have net reduced approximately 144,000 Bitcoins, with actual reductions exceeding 370,000, averaging over 12,000 per day. The amount of coins transferred from short-term holders to long-term holders is about 226,000, resulting in a net LTH supply decrease of only 144,000.

CoinNetwork

2026-01-29 16:02:51

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According to glassnode data, although the net position change data shows that long-term holders (LTH) have reduced their holdings by about 144,000 BTC in the past 30 days, the cumulative reduction data shows that LTH has actually reduced its holdings by more than 370,000 Bitcoins, spending an average of more than 12,000 BTC per day. Glassnode explained that the change in LTH net holdings reflects the net balance rather than the total amount sold, which is calculated as the amount of coins converted by short-term holders to long-term holders minus the amount spent on LTH. In the past 30 days, about 226,000 BTC have matured from short-term holders to long-term holders, so the net LTH supply has only decreased by 144,000. The agency noted that when coin age maturity is high, net metrics may underestimate the true size of LTH allocations.

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