On-chain data shows that long-term Bitcoin holders (LTHs) have recently seen an increase in their network turnover, which is a sign that diamond hand selling pressure is easing.
The change in the net position of Bitcoin LTH becomes less negative
In a new post on X, Glassnode analyst Chris Beamish talked about the latest trend in the behavior of Bitcoin LTHs. This group makes up one of the two main segments of the BTC market based on holding time and includes investors who purchased their tokens more than 155 days ago.
Statistically, the longer an investor holds their coins, the less likely they are to sell them at any given time. Thus, LTHs with their long shelf life reflect the tight side of the sector.
Although, despite the stability of this group, its members still participate in sales in some parts of the cycle. One such phase is currently underway, as the Beamish exchange chart shows.
As shown in the chart above, Bitcoin LTH net position change, an indicator tracking the monthly net amount of BTC entering or leaving the group’s combined balance sheet, turned negative as the price of the cryptocurrency saw a downward trend in the last quarter of 2025. Since then, the indicator has remained mostly within the zone, the spread of diamonds continues.
It is clear from the chart that the selloff only deepened as BTC reached its lows of around $60,000 last month, meaning that the volatility scared even some of the more determined hands away from parting with their tokens.
But since the negative peak of the indicator coincides with the decline in prices, the volatility of the net position of Bitcoin LTH will rise again. Today, the price is still in the red, indicating continued selling pressure in the monthly timeframe, although the level is significantly lower. “After months of steady net selling, LTH’s net position volatility is now easing, suggesting that selling pressure from seasoned holders is moderating as BTC stabilizes,” the analyst said.
It remains to be seen if Bitcoin LTH’s net position volatility will improve in the near future or if the diamond hands are yet to sell out.
In some other news, every cryptocurrency attempt at the $70,000 level has recently been met with profit, as blockchain analytics firm Glassnode highlighted in an X post.
As seen in the chart, Bitcoin’s 12-hour moving average (MA) net profit/loss was over $5 million per hour as BTC rallied on Monday. The metric crossing this threshold has capped the asset’s previous recovery efforts over the past month. “The asymmetry reflects the volatility of the demand structure,” Glassnode said.
BTC price
Bitcoin fell to $68,500 after Monday’s high.
