Although the Bitcoin price continues its weak course, on-chain data shows that long-term investors are strongly buying again. According to CryptoQuant data, this group of investors, known for maintaining their positions in different cycles of the market, has significantly increased their savings recently.
The strongest accumulation in six years was seen
Bitcoin long-term investor net position change data reached 1.29 million BTC in the 30-day period as of May 24, 2026. This level stood out as the highest green reading in the last six years. The fact that the data exceeded the previous peak recorded in the 2017 bull market increased the discussions regarding the timing of the new cycle in the market.
Mini-dictionary: Long-term trader net position change is an on-chain indicator that shows how much Bitcoin wallets that tend to hold for at least a few months have added or reduced their balances over the past 30 days.
The indicator in question measures how much Bitcoin long-term investors have added or decreased to their assets in the last month. While the indicator moves into the red area, it indicates a selling trend, while strong green data reveals that big players are accumulating aggressively.
CryptoQuant data shows that Bitcoin long-term investor net position change reached a six-year high of 1.29 million BTC in 30 days on May 24, 2026.
Buying during the decline attracted attention
Unlike previous market cycles, this time the strong accumulation came while Bitcoin was trading in a relatively weak price zone. While short-term and speculative investors turn to distribution, more experienced investors seem to consider the withdrawal as a buying opportunity rather than an exit reason.
This separation is also important in terms of supply dynamics in the market. As the amount of Bitcoin held in the wallets of long-term investors increases, the circulating supply available for sale may shrink. This could put upward pressure on the price if demand is maintained.
The price recovered from 58 thousand dollars to 66 thousand dollars
The data points to a recovery of around 15% in Bitcoin price following strong buying by long-term investors. During this period, the price increased from approximately 58 thousand dollars to 66 thousand dollars. It is considered that if the purchases continue, the level of 70 thousand dollars may come to the agenda again.
| Indicator | Level |
|---|---|
| 30-day net position change | 1.29 million BTC |
| Price bottom zone | $58,000 |
| Recovery level | $66,000 |
| Recovery rate | 15% |
Bitcoin remains the largest crypto asset by market cap. Therefore, drastic changes in long-term investor behavior are closely monitored not only for price movements but also to understand the broader market trend.
Long-term investors are buying while speculative investors are turning to selling, indicating that the market decline is viewed as a period of accumulation by some major players.
