Bitcoin (BTC) continues to hover around $100,000 despite recent market corrections and over $500 million in liquidations. According to a report from Glassnode, the sell-side pressure in this bull run is mainly coming from newer investors. The report shows that holders who purchased Bitcoin six months to a year ago realized $12.6 billion in profits, contributing 35.3% of all sales. This group, largely made up of newcomers to the market following the launch of Bitcoin ETFs, appears focused on short-term gains. Meanwhile, long-term holders are also taking profits, but at a slower pace, with those holding for more than a year contributing relatively lower amounts.
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