Degen

The data shows that only short-term holders of Bitcoin (BTC), those who have held it for 90 to 365 days, are currently selling their assets.

According to the Santiment Stagnant Turnover Index, unlike last month when long-term investors also participated in the selling, this month only short-term holders are actively taking profits.

This change in behavior suggests that long-term holders believe that the price of Bitcoin has further growth potential and are refraining from selling, while short-term traders continue to sell in the excitement of prices above $100,000.