Analysis: Addresses holding Bitcoin for 1 to 2 years have been selling since the price reached an all-time high, offsetting the accumulation of long-term holders

ChainCatcher news, analysis from the company CryptoQuant shows that the amount of inactive BTC for 1 - 2 years has decreased, which is a sign that holders are taking profits while the Bitcoin price remains near historical highs.

Ilan Solot, co-head of digital assets at Marex Solutions, said in an email on Wednesday: "After Bitcoin's price hit an all-time high, addresses holding Bitcoin for 1 year and 2 years have been selling. This offsets the accumulation of long-term holders (+3 years)."