Bitcoin (BTC) continues to hover close to the $100,000 mark regardless of current market corrections and over $500 million in liquidations. In response to a report by Glassnode, the sell-side strain on this bull run is primarily pushed by newer traders. The report reveals that holders who acquired Bitcoin 6 months to a yr in the past have realized $12.6 billion in income, contributing 35.3% of all sell-offs. This group, largely consisting of market entrants post-Bitcoin ETF launches, seems targeted on short-term income. In the meantime, long-term holders are additionally taking income however at a slower tempo, with these holding for over a yr contributing comparatively decrease quantities.
