Glassnode highlighted that over the last 30 days, more than $62.9 billion has flowed into the market, with $BTC bitcoin dominating the inflow of funds. Long-term holders have begun to sell: from October 8 to November 13, 128,000 BTC were sold, analysts noted.

In their opinion, spot ETFs on bitcoin played a key role, absorbing about 90% of the selling pressure from long-term holders over several weeks. This underscores the growing importance of new exchange-traded products in maintaining liquidity and stabilizing the cryptocurrency market. At the same time, investors may soon begin to take profits, which could lead to a correction in cryptocurrency prices.

The behavior of long-term investors is becoming critically important for monitoring the situation in the industry, as they control a significant share of the supply. The dynamics of their spending can significantly impact market stability, ultimately shaping both local and global price fluctuations of bitcoin, analysts summarized.

Earlier, experts from iShares discussed the impact of the economy on the cryptocurrency market. $XRP $SUI