According to Odaily Planet Daily, on-chain data platform Glassnode's report shows that despite Bitcoin hitting a historic high in May 2025, the overall profit-taking amount in the market has significantly decreased to just $1 billion, less than half of the $2.1 billion peak in December 2024.
Data also shows that the current market is dominated by short-term traders, with 76.9% of BTC being 'recently held' for less than one month, while the proportion of 'long-term holding' for over 6 months has dropped to 13.4%. Long-term holders are significantly reducing their trading, reflecting their bullish outlook on the market.
Analysis points out that as the BTC price rises to $111,500, some investors are beginning to shift their attention to potential higher-yielding Altcoins, which may trigger a change in market focus.

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