Long-term Bitcoin holders have unloaded positions at unprecedented rates, realizing $1.7 billion in daily profits while $2.9 billion in older coins re-enters circulation. Analysts like James Check have noted this sell-side pressure as the main resistance capping price recovery.
Will Clemente observed transfers from original gangsters to traditional finance players over the past year. Mike Novogratz highlighted friends cashing out for yachts and sports team stakes after years of holding.
