Bitcoin Investors Who Bought Last Year's Rally Are Selling As Price Nears Their Break-Even, Glassnode Says

Glassnode says investors who bought Bitcoin during last year’s rally are selling as the price approaches their cost basis, allowing them to exit near break-even. This behavior adds selling pressure and may limit gains as Bitcoin tests those levels. The pattern suggests overhead supply from recent buyers remains a near-term hurdle, though it does not by itself establish a broader trend reversal.