Research from Glassnode identifies that most daily profit-taking in the Bitcoin market, quantified at $2 billion per day, is primarily driven by new holders. These investors are more likely to sell their Bitcoin for immediate profits.
On the contrary, long-term holders seem to have a higher threshold for selling their Bitcoin. Glassnode reveals that these investors would typically require a significant price drop, over 10% from the all-time highs, before considering mass selling of their BTC.
This indicates a distinct behavioral pattern between new entrants and seasoned investors in the Bitcoin market, highlighting differing thresholds for profit realization and risk tolerance.
