According to Glassnode, the share of wealth held by Bitcoin investors who purchased 3-5 years ago has decreased by 3 percentage points from its peak in November 2024. Despite this decline, the share remains at historically high levels, indicating persistent long-term holding behavior among these investors. This data suggests that while some long-term holders have reduced their positions, the overall confidence in Bitcoin's future value remains robust, which could impact trading strategies focused on long-term investment stability.