Bitcoin's recent price surge has led to over $2 billion in profits for long-term holders in just one day, according to Glassnode's latest report. Despite this, many seasoned investors are holding onto their BTC, potentially waiting for even higher prices. The majority of selling pressure comes from coins held for 6 to 12 months, suggesting newer investors are cashing out while veterans remain patient.

Meanwhile, U.S. Bitcoin ETFs have experienced net outflows exceeding $550 million amid price fluctuations. MicroStrategy, heavily invested in Bitcoin, saw its stock drop 35% after a significant sell-off, despite continuing to add to its BTC reserves.