Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Short-term holders rush to sell Bitcoin amid market pump
Profit-taking frenzy by short-term Bitcoin holders revealed in Glassnode data
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
As Bitcoin reached a notable milestone of $35,000, up 20% in the past five days, it marked the fourth largest instance of profit-taking by short-term holders, classified as those who have held Bitcoin for less than six months and transferred approximately 28,000 Bitcoin to exchanges for profit.
The dwindling supply by short-term holders, now standing at around 2.35 million BTC, echoes a progressive decrease in this cohort's impact on the market, particularly when compared to long-term holders, who now occupy almost 15 million of the Bitcoin supply.
This shift is essential because about 11.5 million BTC, currently held by long-term holders, are profitable. Interestingly, this was also the scenario in May 2022, right before the Luna collapse.
Market Cap $1.62T
24H Volume $32.2B
