3~5 Year Long-term holders, BTC sales resume from April...Burden factor on the market

An analysis has emerged that investors who have held coins for 3-5 years among Bitcoin long-term holders have recently shown selling trends, which may burden the market. On-chain data analytics company Glassnode stated through its X that "The proportion of Bitcoin addresses held for 3-5 years reaches 11.9% of the total supply."

After starting to sell since November last year and showing a wait-and-see approach for a while, it was revealed that they have resumed selling since April this year. It is interpreted that some investors are realizing profits in a situation where the Bitcoin price is fluctuating around 100,000 dollars.

Glassnode warned that the proportion of this group is still high compared to the cycle low of 3%, and their movements may continue to exert selling pressure on the market in the future. Concerns have arisen that, as short-term volatility has increased recently, the upward trend may be hindered if long-term holders' full-scale position liquidation continues.