GlassNode reported that despite Bitcoin’s highest appearance ever, the amount sold for profit has decreased. The highest ever Bitcoin profit in May 2025 was just $1 billion compared to more than $2 billion in December 2024.
in short:
We recognize that the weative forehead is low in size
Cond long term holders are offering
Cort Short-term traders drive the marketThis combination could show continued bullish expectations from less speculative $BTC investors.
– GlassNode (@GlassNode) May 22, 2025
This data shows a significant change in the coin age distribution of Bitcoin. As of May 2025, 76.9% of Bitcoin was under a month, a sharp increase from 44.6% in December 2024. Meanwhile, coins that last for 6 months or more will be less active, falling from 24.7% in December 2024 to 13.4%.
New Traders Power BTC rise
New traders seem to take the lead, but those who have been around for a long time aren’t that active. Those who have bought Crypto for a long time probably hold the coins as they expect the market to rise further. Just as the markets surge, traders who temporarily hold only assets are the most impactful, not long-term investors.
Short-term traders usually tend to trade more and reduce profits. They create short-lived difficulties, but their actions help grow the price of Bitcoin, giving the Bulls an advantage. As trading patterns change, Bitcoin rises may depend on a decline in speculative investment and longer term holdings.
Bitcoin rise could shift focus to Altcoins
Analyst Michael Van de Poppe said that when Bitcoin reaches over $100,000, investors often feel they have missed the best chance to make big profits. As a result, they believe they can turn their attention from Bitcoin to other altcoins and help them to make greater profits in the future. Analysts explained that this trend is affecting the market. This is due to the recent rise in Bitcoin prices. Once Bitcoin achieves a new record, Altcoins could become the main player in the market.
People don’t buy #bitcoin.
They’ll think, “Bitcoin is already over $100K. I won’t get rich simply by buying Bitcoin.”
That’s when they allocate their money towards #Altcoins.
That’s this period.
– Michael Van de Poppe (@cryptomichnl) May 22, 2025
As of press time, BTC was trading at $111,545.64, an increase of 4.24% over the past day. Bitcoin is setting a new record price, but people are not selling a lot. With more attention to Altcoins, changing markets could threaten Bitcoin’s highest position in the Cryptocurrency sector.
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