Odaily Planet Daily News Glassnode analysis points out that the daily realized profits of long-term holders currently reach 2.02 billion USD, setting a new historical high, surpassing the record from March. The market needs strong demand to fully absorb this surplus supply, which may require a re-accumulation phase for complete digestion. Since the supply of long-term holders peaked in September, this group has distributed approximately 507,000 bitcoins. Although this is a considerable amount, it is still relatively small compared to the 934,000 distributed during the historical high in March 2024. An assessment of the composition of the sources of selling pressure reveals that most of the selling seems to come from coins held for 6 months to 1 year, indicating that further selling from longer-term holders is still possible, and they may require higher prices to be willing to sell their bitcoins.

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