Bitcoin long-term holders get $26B boost as BTC price recovers from ‘fairly normal’ 30% correction

Key Takeaways:

The Bitcoin long-term holder cohort saw a $26 billion value increase as BTC price surged to $94,900.

Short-term holders sold at a loss in early April.

Bitcoin’s 30% correction lines up with historical cycles, and BTC could find support in the $88,750 and $91,000 zone.

Bitcoin (BTC) long-term holders (LTHs) significantly increased their collective wealth in April as BTC price surged from $74,450 to $94,900. According to data from CryptoQuant, the long-term holders (LTHs) realized market cap increased from $345 billion to $371 billion between April 1 and April 23, marking a $26 billion gain.

BTC LTH realized cap drawdown chart. Source: CryptoQuant

This sharp increase in LTH realized cap signals that long-term holders are rewarded for resilience through recent drawdowns. Bitcoin experienced a 30%+ correction between January and early April, a pattern consistent with historical market cycles.

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