Long-term holders’ sell-off: During the recent price surge, long-term holders sold 507,000 BTC. This amount is lower than the 934,000 BTC spent before the record growth in March 2024.

Record profits and current price: Long-term holders are currently achieving high profits, with daily realized profits at 2.02 billion USD. At this time, Bitcoin is trading at 96,303 USD, up over 3% in the last 24 hours.

Supply adjustment and demand: Glassnode emphasizes that stable demand is necessary to absorb this excess supply, and the process of re-accumulation may be necessary in the future.