Glassnode just tweeted that Bitcoin holders have collectively profited over $1 billion in the past 24 hours. One particularly striking statistic: $362 million in profits came from "old Bitcoin" holders who have held onto their holdings for seven to ten years, accounting for 35.8% of the total.

It's unusual for these old coins to move. They're either internally shuffling or someone who's held onto their holdings for years is cashing out. Furthermore, investors who held for one to two years also cashed out $93 million, clearly taking profits while they can.

To put it bluntly, both new and existing investors are cashing out, especially those holding onto their holdings, signaling a different dynamic. Whether this is a short-term fluctuation or a shift in market sentiment is hard to say.

But this wave of profit-taking is undeniable. Those who want to join in the fun should be mindful: veteran investors are cashing out, so you need to be on top of your game. $BTC