Bitcoin long-term holders recently realized over $2 billion in profits in a single day, yet a significant portion of them are not selling their BTC. According to analytics firm Glassnode, a notable portion of the profits came from coins held for six to twelve months, indicating that newer investors are primarily responsible for the sell-off rather than seasoned holders. Long-term holders appear to be waiting for higher prices, reflecting their strategy even as Bitcoin's price approaches $100,000. In the initial profit-taking on November 22, $443 million was realized, leading to concerns about potential selling pressure. ETF investors seem to have reacted to short-term price fluctuations, which saw Bitcoin drop from nearly $99,000 to around $90,800. Meanwhile, MicroStrategy’s stock has also plummeted significantly, reflecting the volatility faced by corporate Bitcoin investors. The market continues to navigate these dynamics, with the prevalent sentiment among long-term holders leaning towards patience and a focus on future price gains.

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