Bitcoin long-term holders, Selling pressure drastically reduced…Profit realization decreased by 89%

There is an analysis that the selling pressure of Bitcoin long-term investors is significantly decreasing. The on-chain data analysis company Glassnode revealed in a recent report that the realized profits of BTC investors who have held for more than a year decreased by about 89% from $126 million at the peak at the end of May to the current $13.6 million.

This indicates that despite the Bitcoin price maintaining a similar level, the profit realization movements of long-term holders have significantly decreased. The market interprets this as a signal that long-term investors are either maintaining expectations for future rises or are not swayed by short-term price fluctuations. The situation where holders' selling pressure has weakened is evaluated to be able to act as a relatively positive sentiment on the Bitcoin market.