A recent analysis conducted by onchain experts from Glassnode has shed light on the behavioral patterns of long-term Bitcoin (CRYPTO:BTC) holders, especially as the cryptocurrency reached a new all-time high (ATH) of $73,794.

The report highlights a significant uptick in profit-taking activities among these investors, marking a pivotal moment in Bitcoin's market dynamics.

Glassnode's 13th weekly analysis of 2024 reveals a strategic shift among long-term holders, who appear to be "taking chips off the table" amid Bitcoin's meteoric rise to record heights.

This trend signifies a notable change in the landscape of cryptocurrency investment, illustrating how veteran participants are responding to the latest surge in Bitcoin's value by realising their profits at this peak.