Glassnode: Bitcoin hits new all-time high, but profit-taking volume plummets to $1 billion
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Odaily Planet News - According to the on-chain data platform glassnode, despite Bitcoin reaching a historical high in May 2025, the overall market profit-taking amount has significantly decreased to $1 billion, less than half of the $2.1 billion peak in December 2024. The data also shows that the current market is dominated by short-term traders, with 76.9% of BTC being "recently held" within one month, while the proportion of "long-term holders" who have held for over 6 months has dropped to 13.4%. Long-term holders have noticeably reduced trading, reflecting their continued bullish outlook. Analysts point out that as BTC price rises to $111,500, some investors are beginning to shift their attention to Altcoins with potentially higher returns, which may cause a shift in market focus.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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