Glassnode said in a post on X that selling pressure is showing up in the Bitcoin market as investors who bought at higher price levels begin to exit positions. The data points to two groups that are currently sitting on losses: investors who bought 1 to 2 years ago at $97,000, and those who bought 6 to 12 months ago at $89,000. According to the analysis, investors who entered during the 2025 rally are now responsible for the largest amount of Bitcoin sold per day. By contrast, buyers who accumulated during market pullbacks have not shown signs of large-scale selling. The update highlights a split in holder behavior, with underwater positions appearing more active on the sell side while dip buyers remain comparatively steady.
Glassnode said in a post on X that some Bitcoin investors who bought at higher price levels are now selling.
The data shows that two groups are currently holding losses: investors who bought 1 to 2 years ago at $97,000, and investors who bought 6 to 12 months ago at $89,000.
Glassnode added that investors who entered during the 2025 market rally are currently selling the largest amount of Bitcoin on a daily basis, while those who bought during market declines have not shown large-scale selling.
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