On-chain data shows that Bitcoin long-term holders (LTHs) have seen their net flows increase recently, a sign that selling pressure from diamond hands is easing.
Bitcoin LTH net position change becomes less negative
In a new after on X, Glassnode analyst Chris Beamish discussed the latest trend in the behavior of Bitcoin LTHs. This cohort represents one of the two main divisions of the BTC market that is run on a holding time basis and includes those investors who purchased their tokens more than 155 days ago.
Statistically, the longer an investor holds onto their coins, the less likely they are to sell them at any time. As such, LTHs with their long maturities are seen as a reflection of the industry’s staid side.
Although, despite the resilience of this group, members still participate in sales during some parts of the cycle. One such phase is currently underway, as shown in the graph shared by Beamish.
As shown in the chart above, the Bitcoin LTH Net Position Change, an indicator that tracks the monthly net amount of BTC entering or leaving the group’s combined balance, turned negative when the cryptocurrency’s price experienced a bearish shift in the last quarter of 2025. Since then, the indicator has largely remained within the zone, implying continued distribution from the diamond hands.
The chart shows that the sell-off only deepened when BTC crashed to lows around $60,000 last month, implying that the volatility pushed even some of the more determined hands to part with their tokens.
However, since the negative spike in the indicator coincided with the price lows, Bitcoin LTH Net Position Change has climbed back up. Today, its value is still in the red, indicating that selling pressure on the monthly time frame continues, although the extent of it is significantly lower. “After months of sustained net selling, the net position change in LTH is now declining, indicating that selling pressure from seasoned holders is easing as BTC stabilizes,” the analyst said.
It now remains to be seen if the Bitcoin LTH Net Position Change will continue to improve in the near future or if the diamond hands are not done selling yet.
In other news, the cryptocurrency’s every attempt at the $70,000 level recently has been met with profit-taking, as on-chain analytics firm Glassnode has highlighted in an X after.
As visible in the chart, the Bitcoin Net Realized Profit/Loss 12-hour moving average (MA) peaked above $5 million per hour as BTC recovered on Monday. The metric that exceeded this threshold also closed previous recoveries of the item during the past month. “The asymmetry reflects the fragility of the current demand structure,” says Glassnode.
BTC price
Bitcoin has seen a small pullback since Monday’s high to $68,500.