Bitcoin Rises for Three Consecutive Days as LTH Remain Firm

After three consecutive days of gains, Bitcoin is not only showing strong signs of recovery but is also receiving solid support from long-term investors, fueling hopes for a new wave of growth.

Bitcoin Rises For Three Consecutive Days As Lth Remain Firm

After two weeks of sluggish performance, Bitcoin (BTC) has staged an impressive comeback with three consecutive days of gains. From a local low of $98,000, the leading cryptocurrency surged to around $106,000, signaling a strong recovery trend.

Although BTC has regained most of its previous losses—delivering profits to both short-term and long-term investors—the long-term holders (LTHs) show no signs of cashing out. Instead, they remain committed to their holding strategy, anticipating higher price levels ahead.

According to data from Glassnode, long-term spending activity is currently at its lowest in two weeks, a clear indication that LTHs are not looking to sell. This group now holds nearly 14.7 million BTC, close to the all-time high.

Data From Glassnode
Data From Glassnode

The Net Position Change indicator for HODLers has also turned positive this past week, reaching 10,330 BTC—highlighting a period of strong accumulation. Historically, such large-scale accumulation by LTHs often signals solid support zones and potential price rallies.

Notably, the RHODL ratio—which compares long-term confidence to short-term interest—is now at 2,700, reflecting strong conviction from long-term investors. This not only reduces selling pressure but also helps attract fresh capital back into the market.

Fueled by this long-term optimism, Bitcoin recently touched a local high of $106,800. The decision by veteran holders to continue accumulating rather than selling suggests a broadly positive market sentiment.

If this momentum continues, BTC may soon retest the $107,000 mark and aim for the next resistance zone at $109,457. However, if LTHs shift sentiment and begin distributing their holdings, the market could face a pullback toward the $104,348 level.

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