[Glassnode: Selling Pressure from Bitcoin Short-Term Holders Emerges, Some Buyers in a Loss Position] According to monitoring by Glassnode, investors who previously bought Bitcoin at high prices are currently engaging in selling. Data shows that two groups are currently in a loss position: first, investors who bought at $97,000 one to two years ago, and second, those who bought at $89,000 six to twelve months ago. Analysis indicates that investors who entered the market during the 2025 bull run are currently selling the largest daily amounts of Bitcoin, while those who bought during market downturns have shown stronger holding intentions and have not engaged in large-scale selling.