Early Bitcoin holder selling not a cause for concern, analysis shows

While some early Bitcoin holders are taking profits, many others are continuing to hold their positions or even accumulate more, Coindesk reported, citing Glassnode data. According to the data, investors who have held Bitcoin for seven to 10 years now control 8.1% of the total supply, the highest level for this group since 2019. Those holding for more than 10 years account for 17% of the total supply and have been steadily increasing their positions. In contrast, the share held by the five-to-seven-year cohort has fallen to 5% from 10% at the start of 2023.