Bitcoin has reached a new milestone: 15.8 million long-term holders, according to crypto analytics firm XWIN Research Japan. Interestingly, this record comes amid a bearish period, with the leading cryptocurrency dropping 9% since early May when prices peaked around $82,000.
Analysts at XWIN Research Japan note that a surge in long-term holders-investors who've held Bitcoin for over 155 days-is typically a bullish signal, reflecting market conviction. However, in this case, the increase points to a structural anomaly: a demand shortage rather than selling pressure.
XWIN data shows whale accumulation (addresses holding 1,000-10,000 BTC) has stalled and is heading toward a year-over-year decline. Meanwhile, growth in institutional and ETF-related holders (100-1,000 BTC) has slowed since early 2025.
At press time, Bitcoin is trading near $74,000, down roughly 3.5% on the weekly chart. Analysts expect June to bring a low near $57,800 and a high around $84,960, with a monthly close near $71,100.
