The price of Bitcoin seemed to be fixed some pain around over the weekend after falling below the $75,000 estimate on Saturday morning. However, the first cryptocurrency has recovered and is looking to recover $77,000 as of this writing. At the same time, a long-term increase in Bitcoin prices was also observed on that day, although the sign may not be what it seems.
This is why BTC LTH Supply Data is Disorganized
In a recent post on the X platform, the well-known Darkfost expert to be revealed the amount of Bitcoin held by long-term holders (LTH) over the past few days. However, a positive rise in LTH may not be a positive for BTC growth as the data would suggest.
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Analyzing data from CryptoQuant, Darkfost shared that long-term supply has increased from 15 million to 15.8 million BTC in the past two days. A chain expert noted that this metric is among the many factors that Coinbase moved around 800,000 BTC in November 2025.
Between November 22nd and 23rd, the US-domiciled crypto exchange shuffled 800,000 BTC (worth about $70 billion, at the time) between its internal wallets. As Darkfost pointed out, this reset transfer destroyed the old LTH UTXOs (unused tokens) and created new but distorted Bitcoin datasets.
A crypto expert wrote on X:
As a result, datasets on several platforms included this movement, which includes UTXO metrics, age and price groups, STH / LTH price, known price, volume, etc.
Saturday, May 23 marked six months since Bitcoin was transferred, when BTC was transferred it was now switched from a short-term holder (STH) to a long-term supply.
In general, the number of LTH signals increases the accumulation and sensitivity among many crypto investors. However, market participants may need to be careful when making decisions using the chain’s token, considering that it actually reflects the volume of their demand.
What’s Next for the Price of Bitcoin?
In a different place on the X platform, Darkfost to be known the next major resistance in the price of Bitcoin. Showing the price of STH, the analyst said that this resistance is above $80,000.
According to Darkfost, short-term investors seem to be choosing to cut their losses rather than hold on to returns, as evidenced by the decline in Bitcoin’s average price. Therefore, the first cryptocurrency needs a break above $80,000 to continue its recovery journey.
At the time of writing, BTC is valued at approximately $76,490, showing an increase of 1% in the last 24 hours.
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Image from iStock, chart from TradingView
