👉👉Long-Term Bitcoin Investors Earned $2.1 Billion! No “Enthusiasm” Yet 👈👈

According to Glassnode’s latest report, while the selling pressure from long-term holders (LTH) in the Bitcoin market has increased, it is observed that new investors are trying to balance this pressure.$BTC

Bitcoin faced serious selling pressure from long-term holders during its historic rally that exceeded the $100,000 level. This pressure has increased since Bitcoin reached an all-time high of $73,000 in March.

The daily profit realization of the LTH group reached a new peak of $2.1 billion. This figure is in line with the typical market dynamics seen in the final stages of Bitcoin’s bull markets and is considered an indicator of increasing selling pressure.

Fresh Demand Strong, But Peak Not Yet Seen

According to Glassnode’s analysis, the selling pressure is being offset by strong demand from new investors. Recently, new investors have brought about $2.1 billion of fresh capital into the market. This indicates that the rate of assets moving from long-term holders to new investors is increasing and that new demand-side activity is strengthening.

However, the total amount of Bitcoin held by new investors has not yet reached the peaks seen in previous bull cycles. This indicates that the current market conditions are far from a speculative “exuberance” level like in previous cycles and that the market has not yet reached its true peak.

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