<ul data-eligibleForWebStory="false"><li>On-chain data reveals that profit-taking in the Bitcoin market was driven by veteran holders who have been in possession of their coins for 3 to 10 years.</li><li>The recent profit-taking spree saw the 3 to 5 years cohort realizing the most gains at $849 million, followed by the 7 to 10 years cohort at $485 million.</li><li>This indicates that older Bitcoin holders, including those who may have rediscovered old wallets, were actively taking profits during this market selloff.</li><li>Bitcoin is currently priced at around $109,300, experiencing a more than 3% increase in the past day.</li></ul>

Bitcoin’s Latest Profit-Taking Spree Was Driven By HODLers: Data

Discover more