Glassnode: Bitcoin hits historic high, but profit taking drops to $1 billion

Odaily Planet Daily News: Glassnode, an on chain data platform, reported that despite Bitcoin reaching a historic high in May 2025, the overall market profit taking amount has significantly decreased to only $1 billion, less than half of the $2.1 billion high in December 2024. The data also shows that the current market is dominated by short-term traders, with 76.9% of BTC being "recent holdings" within one month, while the proportion of "long-term holdings" holding for more than six months has decreased to 13.4%. Long term holders have significantly reduced their trading, reflecting their bullish attitude towards the future market. Analysis suggests that as BTC prices rise to $111500, some investors are starting to shift their focus to Altcoin, which has higher potential returns and may trigger a shift in market focus.