BTC high-level buyers are selling, with some positions in a loss making state

BTC investors who bought at high levels in the 2025 market are selling, while investors who bought at $97000 1 to 2 years ago and $89000 6 to 12 months ago are currently in a loss making state. In 2025, buyers in the market will sell the most daily quantities, while during the decline period, buyers will not sell. （glassnode）