In the green: 70% of long-term holders are in profit as the bitcoin floor hardens

Bitcoin held by so-called conviction buyers has surged to nearly 4 million BTC, a roughly 300% increase since late 2025. What to know : Bitcoin held by so-called conviction buyers has surged to nearly 4 million BTC, a roughly 300% increase since late 2025, signaling a major shift of supply into long-term, low-activity hands. Analysts say this accumulation, led by large holders such as Strategy (MSTR), is tightening liquid supply on exchanges and could set the stage for a future supply shock if demand accelerates.