Bitcoin Rockets 47% from Lows, Hits New All-Time High - But Here's the Twist!

Long-Term Holders Ain't Selling, Baby!

Forget everything you thought you knew about Bitcoin's wild swings. This time, it's different, and it's blowing the roof off! Bitcoin's soared over 47% from its recent lows, smashing through to a mind-blowing new all-time high in May. But here's the kicker: the usual frenzy of selling? Not happening. Long-term holders are chilling like they've got all the time in the world.

The on-chain data is screaming it loud and clear: no panic selling, no rush to cash in those sweet, sweet profits. These folks are sitting tight, showing they believe in Bitcoin more than ever. It's like they're saying, "We're in it for the long haul, baby!"

Analysts Dropping Truth Bombs

Real Vision's Jamie Coutts dropped some serious knowledge on May 28, pointing out the LTH-SOPR indicator is the real deal when it comes to showing how tough Bitcoin's backbone is right now. We're talking peaks of 17 back in 2017, 8 in 2021, and a solid 4.3 early this year. But guess what? Right now, it's chilling at just 2.1. That's right, the market's not sweating; it's on cruise control.

Sure, other metrics like MVRV and NUPL are all about the potential for profit-taking, but LTH-SOPR? That's where the rubber meets the road, showing when long-term holders actually move their stacks to lock in those gains or cut their losses. And right now? It's quieter than a church mouse.

Wallet Watch: Everyone's Buying In

Glassnode's data is backing this up big time. It's like a feeding frenzy out there, with wallets of all sizes piling in. From the big dogs with 100-1,000 BTC and 1,000-10,000 BTC, right down to the little guys with less than 1 BTC, everyone's back in accumulation mode. The only ones not joining the party are the 1-10 BTC crew, but hey, you can't win 'em all.

And get this: when Bitcoin broke through the $100,000 barrier last December, profit-taking went wild, hitting over $2.1 billion. But this latest rocket to a new high? Just a cool $1 billion in realized profits, even with prices higher than ever. Talk about restraint!

Old Coins, New Tricks

But it's not just about the new money. The old-timers are holding strong too. Coin age data shows just 13.4% of the active supply is over six months old as of May 2025, down from 24.7% back in December 2024. It's like the seasoned pros are sitting back, sipping their coffee, letting the newbies drive the short-term momentum.

Institutional Money and Corporate Giants Join the Frenzy

And let's not forget the big guns. Over $5.3 billion has poured into spot Bitcoin ETFs in the last month, with U.S.-listed funds managing a whopping $40 billion in total assets. It's like the institutions are saying, "We want a piece of this action!"

Meanwhile, corporate giants are gobbling up Bitcoin like it's going out of style. Last week, Strategy (formerly MicroStrategy) beefed up their stash to a massive 576,230 BTC, snagging an extra 7,390 BTC. And Metaplanet in Japan? They're not playing around either, boosting their holdings to over 7,000 BTC. We're talking over 30,000 BTC being scooped up by public companies every single month. It's a Bitcoin bonanza!