According to Glassnode, historical trends indicate that long-term holders (LTHs) of Bitcoin typically increase their distribution when unrealized profit margins reach approximately 350 percent, which currently corresponds to a BTC price of around $99.9k (source: Glassnode Twitter, May 2, 2025). As Bitcoin approaches this price level, traders should anticipate heightened sell-side pressure. For the market to sustain bullish momentum beyond $99.9k, substantial buyer demand will be necessary to absorb potential profit-taking by LTHs. This insight is critical for trading strategies focused on resistance levels and market liquidity during high-profit periods.

According to glassnode, their proprietary Supply Mapping data reveals a significant increase in Bitcoin Profit Taker activity over the past two days, with the Profit Taker RSI (7D) surging to 82. This sharp rise indicates that more traders are realizing profits, resulting in heightened sell-side pressure as BTC continues to climb. For traders, this trend suggests a potential increase in short-term volatility and a possible local top, making it critical to monitor profit-taking indicators and on-chain data for timely entry and exit points. (Source: glassnode via Twitter, April 30, 2025)