According to the latest Glassnode report, the Bitcoin market is experiencing an interesting wealth transfer. Long-term holders are selling Bitcoin to new investors at record profit levels, with daily profits reaching up to $2.1 billion. This wealth redistribution is seen as a sign of market maturity, indicating that the depth and diversity of the Bitcoin ecosystem are expanding.

In 2024, Bitcoin investors holding for 6 to 12 months have become the main source of selling pressure, with the sale of these tokens accounting for 38.5% of the profits realized since last November. However, Bitcoin held for over three years remains relatively stable and may require higher prices to stimulate its sale.

Nevertheless, demand from new investors remains strong, providing the necessary liquidity for the market and supporting the upward momentum of Bitcoin. Compared to the past, the volatility of this bull market has decreased, with institutional participation and the launch of spot Bitcoin ETFs considered the main reasons. These factors ensure liquidity and price stability in the market during sell-offs.