BlockBeats News, November 26, as Bitcoin prices surge, the 14 million BTC held by long-term holders have all entered a profit state, which is truly an exciting moment! However, this has also triggered a wave of selling frenzy, with over 200,000 BTC balance reduced in the market since the historical peak. 📉

Long-term holders are choosing to take profits when prices are strong and market demand is robust. In this process, ETFs (Exchange-Traded Funds) have played an important role, absorbing over 90% of the selling pressure. Nevertheless, as unrealized profits reach more extreme levels, it is expected that more long-term holders will accelerate their selling. In the short term, this selling volume has already exceeded the inflow of ETFs.

But don't worry! There are still a large number of Bitcoins held by long-term holders in the market, many of whom may be waiting for higher prices before releasing more Bitcoins back into the market. This strategy may bring more market volatility in the future.

What are your thoughts on the future of Bitcoin? Feel free to share your views and insights in the comment section, and let's discuss this vibrant market together! 💬