According to on-chain data, long-term Bitcoin holders (LTH) net flows have increased recently, a sign that selling pressure from the Diamond Hand is easing.
Bitcoin LTH net position change is no longer negative
Glassnode analyst Chris Beamish talked about the latest trends in Bitcoin LTH behavior in a new post on X. This cohort represents one of the two main segments of the BTC market based on holding time and includes investors who purchased tokens more than 155 days ago.
Statistically, the longer an investor holds a coin, the less likely they are to sell it at any time. Therefore, the long holding time of LTH may reflect the resolute aspect of this sector.
However, despite the group’s resilience, its members still participate in sales for part of the cycle. One such stage is currently underway, as the chart shared by Beamish shows.
As shown in the chart above, Bitcoin LTH Net Position Change, an indicator that tracks the monthly net amount of BTC moving in and out of the group’s total balance, turned negative in the final quarter of 2025 as the cryptocurrency’s price turned bearish. Since then, this indicator has mostly stayed within the zone, suggesting continued distribution from the diamond hand.
The chart clearly shows that the decline deepened as BTC plummeted to lows around $60,000 last month, and the volatility suggests that even some of the more resolute hands are afraid to abandon the token.
However, since the negative peak of the indicator coincided with the price low, the change in Bitcoin LTH net position has risen again. Currently, its value is still in the red, suggesting continued selling pressure on the monthly timeframe, but the intensity has decreased significantly. “After months of net selling, LTH’s net position change is now moderating, suggesting selling pressure from veteran holders is easing as BTC stabilizes,” the analyst said.
It remains to be seen whether the change in Bitcoin’s LTH net position will continue to improve in the near future, or if the diamond hand is not yet sold off.
In other news, recent attempts at cryptocurrencies at the $70,000 level have been hit by profit-taking, as on-chain analytics firm Glassnode highlighted in an X post.
As seen in the graph, as BTC rose on Monday, Bitcoin’s 12-hour moving average (MA) of net realized gains and losses soared above $5 million per hour. Metrics above this threshold have also been capped by previous recovery attempts from the asset in the past month. “The asymmetry reflects the fragility of the current demand structure,” Glasnoed said.
BTC price
Bitcoin has fallen slightly since Monday’s high to $68,500.
