Glassnode: Most long-term Bitcoin investors are still unwilling to sell at current prices

ChainCatcher news, according to the latest report released by Glassnode, the price performance of Bitcoin since the low in 2022 is remarkably similar to previous cycles, although the recovery has been slightly slower, it is more resilient. Despite a slight increase in the outflow of long-term holder tokens (related to GBTC) after the ETF approval, most long-term Bitcoin investors still seem unwilling to sell their Bitcoin at the current price, and the vast majority of Bitcoin holders "seem to be calmly navigating the market waves." In terms of fundamentals, network activity remains low, but the amount of currency transferred on-chain, especially the amount transferred to exchanges, remains strong, similar to previous bull market cycles.