Bitcoin is showing clear signs of profit-taking from experienced holders. Despite several attempts, the price has struggled to break above 126 thousand dollars as long-term investors continue to sell gradually. Glassnode data reveals that this selling wave has been consistent rather than emotional, suggesting calm profit realization instead of panic.
Since July, the daily volume of coins moved by long-term holders has risen from around 1 billion dollars to between 2 and 3 billion. The majority of this activity comes from holders who bought during the late 2024 election period, when prices ranged between 93 and 96 thousand dollars. These traders are now taking gains near the recent highs, locking in profits while the market remains strong.
The 6 to 12 month age group is driving most of the selling, accounting for more than half of the total spent volume. This group’s activity defines the current resistance zone, and if Bitcoin remains above their cost basis, it could soon reset for another accumulation phase.
What’s important is that this is a healthy form of distribution. No panic, no sudden dumps just steady selling into strength. In every cycle, these mature holders shape the top structure before new buyers take over.
