Glassnode: Bitcoin hits an all-time high, but profit-taking drops sharply to 1 billion dollars.

Odaily News On-chain data platform Glassnode reports that despite Bitcoin reaching an all-time high in May 2025, the overall profit-taking amount in the market has significantly declined to only 1 billion USD, less than half of the 2.1 billion USD peak in December 2024. Data also shows that the current market is dominated by short-term traders, with 76.9% of BTC being held for less than one month as “recent holdings,” while the proportion of those holding for more than 6 months, classified as “long-term holdings,” has dropped to 13.4%. Long-term holders are significantly reducing their trades, reflecting their continued bullish outlook on the market. Analysis indicates that as the BTC price rises to $111,500, some investors are starting to shift their attention to Altcoins with potentially higher returns, which may trigger a shift in market focus.