Glassnode: Bitcoin hits new all-time high, but profit-taking volume plummets to $1 billion

Odaily Planet Daily News: The on-chain data platform Glassnode reported that although Bitcoin hit an all-time high in May 2025, the overall profit-taking amount in the market has dropped significantly to only $1 billion, less than half of the $2.1 billion at the peak in December 2024. The data also showed that the current market is dominated by short-term traders, with 76.9% of BTC being "recent holdings" within 1 month, while the proportion of "long-term holdings" held for more than 6 months has dropped to 13.4%. Long-term holders have significantly reduced their transactions, reflecting their bullish attitude towards the market outlook. The analysis pointed out that as the price of BTC rose to $111,500, some investors began to turn their attention to Altcoins with higher potential returns, which may trigger a change in the market's focus.