Short term holders of Bitcoin are experiencing selling pressure, and some high-level buyers are in a loss making state

According to Glassnode data, investors who bought at high levels in the Bitcoin market are selling, with those who bought at $97000 1 to 2 years ago and those who bought at $89000 6 to 12 months ago losing money. Investors who entered the market during the rising period in 2025 sell the most Bitcoin per day, while those who buy at the bottom during the market downturn do not sell on a large scale.