Checkonchain Bitcoin Newsletter

Checkonchain Bitcoin Newsletter

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Checkonchain Bitcoin Newsletter
Checkonchain Bitcoin Newsletter
An Iron Grip

An Iron Grip

We can extract a lot of information about the conviction of holders by analysing the behaviour patterns of Long-Term Holders, and right now they are exercising an iron grip, demanding higher prices.

James Check (Checkmatey)'s avatar
James Check (Checkmatey)
May 27, 2025
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Checkonchain Bitcoin Newsletter
Checkonchain Bitcoin Newsletter
An Iron Grip
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G’day Folks,

Imagine if we could measure and visualise the behaviour of smart money Bitcoin holders?

If only we could see periods where hardcore Bitcoiners were selling heavily, or HODLing with an iron grip, perhaps we could draw conclusions about the health of the market…

Bitcoin Long-Term Holder supply has surged by 1.43M BTC since March, reflecting all the coins acquired between Nov-Dec 2024 which remain held through to today.

Live Chart

As the Bitcoin price rips to new all-time-highs, we generally see a significant ramp up of profit taking by Long-Term Holders…except this time it would appear as if a majority of holders are refusing to sell into it.

In today’s report, I want to deep dive into the Long-Term Holder cohort, and show you how we can dissect their behaviour to better understand what the smart money are thinking.


📈 Reminder: you can find the charts from our articles on the Checkonchain Charting Website, and a guide in our Charts Tutorial Video.


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