BlockBeats, September 8 – In the recent minor correction after Bitcoin broke above $80,000, a relatively positive on-chain signal has emerged, according to CryptoQuant analyst Darkfost. The share of Bitcoin's native supply held by long-term holders (LTH, those holding for more than six months) has notably increased.
The behavioral logic behind this is that many coins bought during the dip are not being quickly flipped but are instead held for an extended period, naturally crossing the six-month threshold and moving from short-term holders into the LTH cohort. This phenomenon of "buying the dip and holding rather than frequent trading" is typically seen during bear markets or sharp declines, reflecting a decline in traders' willingness to transact and a preference for long-term holding.
Darkfost considers this shift positive. Bitcoin held by LTH is "heavier" and less liquid, making it less likely to be sold easily. An increase in such coins helps form a more solid support base below. However, this is a long-term positive change and not a signal for an immediate market reversal. The bottom is built slowly over time. Most market voices currently believe that the bottom area is gradually forming, and the migration of coin age itself is part of bottom construction.