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

Odaily News On-chain data platform Glassnode reported that despite Bitcoin hitting an all-time high in May 2025, the overall market profit-taking amount fell sharply to only $1 billion, less than half of the $2.1 billion during the high in December 2024.
The data also shows 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 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.
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 markets focus.