70% of long-term Bitcoin holders in profit as floor hardens
Nearly 4 million BTC are held by conviction buyers, a 300% increase since end-2025, signaling a hardened price floor as 70% of long-term holders are in profit.
A growing cohort of long-term Bitcoin holders is sitting on profits, with 70% of addresses that have held for over a year now in the green, according to data from Bitfinex and BitGo. The shift underscores a hardening price floor as conviction buyers accumulate nearly 4 million BTC, valued at over $320 billion at current prices around $80,000.
The metric, which Bitfinex calls "conviction buyers," represents a 300% increase in supply held by low-activity, large entities since the end of 2025. This migration of realized value into steadfast hands suggests that selling pressure from long-term holders is diminishing, a historically bullish signal for Bitcoin's price stability. For crypto traders, this concentration of supply in conviction hands often precedes reduced volatility and a stronger support base, as these holders are less likely to sell during dips. Traders can monitor these on-chain shifts on NowPrice's live crypto dashboard to gauge market sentiment.
Looking ahead, the key question is whether this accumulation trend will persist as Bitcoin approaches its next halving cycle. Analysts will watch for any signs of distribution from these large holders, which could signal a top. Meanwhile, macroeconomic factors like US interest rate decisions and ETF flows remain critical for short-term price action. The hardening floor at current levels provides a buffer, but a breakout above resistance will require fresh catalyst from institutional demand or regulatory clarity.