Smart Money in Bitcoin Hits 6-Year Record: Historic Move with 1.29 Million BTC

Accumulation by long-term Bitcoin investors has reached its highest level in the last 6 years, sending a strong bullish signal to the market.

Long-term investors, often referred to as “smart money” in the cryptocurrency market, continue to turn Bitcoin price fluctuations into opportunities. Recent data shared by on-chain data platform CryptoQuant reveals that this group of investors is experiencing one of their most aggressive buying periods in the last 6 years. Seeing price drops as accumulation opportunities, these “strong hands” are painting a promising picture for the market’s future.

Long-Term Investors Hit Record Highs

Bitcoin’s long-term holder (LTH) net position change data measures the amount of assets entering and leaving wallets over the last 30 days. While the green zones on the chart represent accumulation and the red zones represent selling, current data shows a massive spike in the green zone. According to data recorded on May 24, 2026, these investors accumulated 1.29 million BTC in a 30-day period, surpassing even the record set in 2017.

This massive accumulation occurred when Bitcoin prices appeared weak and approached realized price levels. Such significant buying by the market’s strongest hands proves that long-term expectations remain positive. In particular, the price increase of approximately 15% from the $58,000 levels to the $66,000 range highlights the direct impact of this buying appetite on the market.

$68,000: The Critical Decision Zone for Bitcoin

Following these strong purchases, the Bitcoin price has reached the $68,000 mark, which is the cost basis for short-term investors. Analysts emphasize that breaking above this level is the most critical threshold for determining the direction of the short-term trend. If Bitcoin (BTC) can break this resistance and sustain its position, much sharper upward movements could be triggered in the third quarter of the year.

While current data alone is not enough to signal a bull season, the high appetite of smart money is driving market sentiment upward. Investors are now keeping a close watch on the sustainability of the $68,000 level and how long long-term holders will maintain these positions.