Bitcoin long-term holders have recently been seen ramping up their spending activity, with the largest daily spike of the year occurring on Friday. According to a post by on-chain analytics firm Glassnode, Bitcoin long-term holders (LTHs) have been actively participating in transactions, indicating a shift in sentiment among this cohort.
LTHs are investors who have held onto their Bitcoin for more than 155 days, displaying a strong conviction in their investment. Despite their usual tendency to hold onto their coins, recent data shows a notable increase in spending activity among this group. The 14-day SMA of Bitcoin volume spent by LTHs has surged, suggesting that some investors may be choosing to capitalize on profits amidst a decline in BTC price.
While spending from Bitcoin LTHs is currently elevated, it is still below levels seen in late 2024. The recent spike in LTH spending can be attributed to a single large daily transaction involving approximately 97,000 BTC, valued at $10.6 billion. This marks the largest spending day for LTHs in 2025 so far.
Breaking down the data further, it is revealed that 1 to 2-year-old Bitcoin LTHs contributed the most to the spending spike, with 34,500 BTC involved in the transaction. The 6 to 12 months and 3 to 5 years segments also made significant contributions, each accounting for around 16,000 BTC.
In terms of BTC price, Bitcoin experienced a slight dip towards $107,000 over the weekend but has since rebounded to around $109,500 at the start of the week. The price chart indicates some volatility in the market, potentially influenced by the increased spending activity of Bitcoin long-term holders.
Overall, the recent spike in spending by Bitcoin long-term holders reflects a shifting landscape in the cryptocurrency market. As investors navigate market fluctuations and assess their positions, it will be interesting to see how this trend evolves in the coming weeks.