# Veteran Bitcoin Investors Are Taking Profits near $100,000 ∞ Insights

**Published:** 2025-11-16
**Categories:** Insights

---

![A striking abstract composition features a central bimodal spherical form, with its left half densely covered in numerous brilliant blue, faceted crystalline shapes. The right half reveals an intricate internal structure of thin white lines, small opaque white spheres, and clear bubble-like elements](https://incrypthos.com/wp-content/uploads/2025/09/Digital-Asset-Tokenomics-Blockchain-Protocol-Interoperability-Network-Infrastructure.jpeg)

![A vivid abstract composition features a dense, crystalline cluster of blue, multifaceted geometric forms at its core, radiating numerous fine lines and interacting with several smooth white spheres encircled by rings. The background showcases blurred, similar structures, implying a vast, interconnected system](https://incrypthos.com/wp-content/uploads/2025/09/Blockchain-Network-Topology-Cryptographic-Data-Integrity-Visualization.jpeg)

## Briefing

The most experienced [Bitcoin investors](https://incrypthos.com/news/bitcoin-investors/), known as Long-Term Holders (LTHs), are intensifying their selling activity, a clear signal of profit-taking that typically marks a mid-to-late stage bull market distribution. This behavior suggests a significant price ceiling is being met with veteran supply, increasing short-term selling pressure and requiring new demand to absorb the supply. The data shows the LTH Net Position Change is moving into a clearly negative zone, confirming that old coins are moving and supply is rapidly decreasing from the hands of the most convicted holders.

![A vibrant blue crystalline formation covered in white frost stands beside a clear rectangular glass panel, which in turn rests near a smooth white sphere, all nestled in a landscape of pristine white snow dunes. This visual narrative abstracts the complex mechanisms of a blockchain architecture](https://incrypthos.com/wp-content/uploads/2025/09/decentralized-ledger-node-frosty-digital-asset-interoperability.jpeg)

## Context

The central question for many [investors](https://incrypthos.com/news/investors/) is whether the current price momentum can be sustained or if the market is overheating and due for a major correction. People are wondering if the recent rally is built on speculative froth or if deep-pocketed, long-term investors still believe the price has room to run. This data directly answers the question of whether the market’s most patient participants are still accumulating or if they are beginning to exit their positions.

![A large, reflective silver Bitcoin coin with a prominent black 'B' logo is positioned atop an intricate blue circuit board. Numerous metallic silver and blue cables and conduits are intricately woven around the coin and connected to the underlying electronic components](https://incrypthos.com/wp-content/uploads/2025/09/bitcoin-digital-asset-integrated-blockchain-protocol-hardware-infrastructure.jpeg)

## Analysis

The Long-Term Holder (LTH) Net Position Change is a key metric that tracks the 30-day change in the [Bitcoin supply](https://incrypthos.com/news/bitcoin-supply/) held by investors who have not moved their coins for at least 155 days. When this metric is positive, LTHs are accumulating, which is bullish. When it turns clearly negative, as it is now, it means these veteran holders are spending their coins to realize profits.

The current pattern shows a rapid decrease in LTH supply, with the Net Position Change moving deeply negative, indicating a significant volume of coins bought in prior cycles is now being sold directly into the market’s strength. This [distribution phase](https://incrypthos.com/news/distribution-phase/) is a classic on-chain signal that profit-taking is accelerating near a major psychological price level.

![A sculptural object, rendered in deep blue translucent material and intricate white textured layers, is precisely split down its vertical axis. This division reveals the complex, organic internal stratification of the piece, resembling geological formations or fluid dynamics](https://incrypthos.com/wp-content/uploads/2025/09/blockchain-protocol-bifurcation-revealing-layered-ledger-architecture.jpeg)

## Parameters

- **Key Metric – [LTH Net Position](https://incrypthos.com/news/lth-net-position/) Change** ∞ The 30-day change in Bitcoin supply held by investors who have held their coins for over 155 days, currently moving into a clearly negative zone.

- **Price Level of [Distribution](https://incrypthos.com/news/distribution/)** ∞ Profit-taking is intensifying around the $100,000 price level.

- **Investor Cohort** ∞ [Long-Term Holders](https://incrypthos.com/news/long-term-holders/) (LTHs) are the primary sellers.

![The image features a close-up of an abstract, futuristic object composed of translucent blue and clear flowing forms, integrated with brushed silver cylindrical components. These metallic elements display concentric ring patterns on their visible ends, contrasting with the organic shapes](https://incrypthos.com/wp-content/uploads/2025/09/decentralized-protocol-architecture-cryptographic-module-interoperability.jpeg)

## Outlook

This profit-taking suggests the [market](https://incrypthos.com/news/market/) will face a sustained period of consolidation or a short-term correction as the veteran supply is absorbed by new demand. The near-term future is defined by a structural conflict between new capital inflows and old-holder distribution. A confirming signal to watch for is a sharp increase in the Short-Term Holder (STH) Realized Price, which would show that new buyers are successfully absorbing the supply and establishing a higher support level.

**Veteran investors are cashing out at a critical price, confirming the market is in a structural distribution phase.**

long term holder selling, profit taking activity, bitcoin supply distribution, on chain data signal, market cycle top, investor conviction shift, supply exhaustion risk, holder net position, illiquid supply decrease, price ceiling resistance, macro market trend, veteran investor behavior, selling pressure increase, bull market phase, market sentiment indicator Signal Acquired from ∞ <a href="https://bloomingbit.io/en/feed/news/100676?utm_source=incrypthos.com&utm_medium=referral&utm_campaign=noo-engine.com" target="_blank" rel="nofollow">bloomingbit.io (via Glassnode)</a> 

## Micro Crypto News Feeds

<a href="https://incrypthos.com/news/bitcoin-investors/" class="glossary-item-box">

## bitcoin investors 

Definition ∞ Bitcoin investors are individuals or entities that allocate capital to Bitcoin with the expectation of future appreciation. </a><a href="https://incrypthos.com/news/investors/" class="glossary-item-box">

## investors 

Definition ∞ 'Investors' are individuals or entities that allocate capital to digital assets with the expectation of generating a return on their investment. </a><a href="https://incrypthos.com/news/bitcoin-supply/" class="glossary-item-box">

## bitcoin supply 

Definition ∞ Bitcoin supply refers to the total number of Bitcoin units that exist or are available. </a><a href="https://incrypthos.com/news/distribution-phase/" class="glossary-item-box">

## distribution phase 

Definition ∞ The distribution phase is a specific period in the lifecycle of a digital asset or project where tokens or units are allocated to participants. </a><a href="https://incrypthos.com/news/lth-net-position/" class="glossary-item-box">

## lth net position 

Definition ∞ LTH Net Position represents the total amount of Bitcoin held by long-term investors, adjusted for recent movements. </a><a href="https://incrypthos.com/news/distribution/" class="glossary-item-box">

## distribution 

Definition ∞ Distribution describes the process by which digital assets or tokens are allocated among participants in a network or market. </a><a href="https://incrypthos.com/news/long-term-holders/" class="glossary-item-box">

## long-term holders 

Definition ∞ Long-term holders are investors who acquire digital assets with the intention of retaining them for an extended period, typically exceeding one year. </a><a href="https://incrypthos.com/news/market/" class="glossary-item-box">

## market 

Definition ∞ In the financial and digital asset context, a market represents any venue or system where assets are exchanged between participants, driven by supply and demand dynamics. </a>

**Tags:** [Long Term](https://incrypthos.com/news/long-term/), [Market Cycle](https://incrypthos.com/news/market-cycle/), [Long-Term Holders](https://incrypthos.com/news/long-term-holders/), [Long Term Holder Selling](https://incrypthos.com/news/long-term-holder-selling/), [Activity](https://incrypthos.com/news/activity/), [Supply Exhaustion Risk](https://incrypthos.com/news/supply-exhaustion-risk/)	

## Discover More

- 
### [Bitcoin Selling Pressure Persists, Delaying Market Rebound](https://incrypthos.com/insights/bitcoin-selling-pressure-persists-delaying-market-rebound/)
![A close-up view reveals a frosted, translucent, irregularly shaped object adorned with numerous water droplets, symbolizing blockchain transparency and data integrity. Behind this cryptographic primitive, blurred deep blue and lighter blue forms suggest intricate protocol architecture and underlying digital asset flows. A smooth, dark grey, curved metallic element on the left signifies robust hardware wallet security or institutional custody solutions. The droplets emphasize network resilience and transaction finality, reflecting a secure distributed ledger technology DLT environment. This visual metaphor highlights the immutability inherent in Web3 infrastructure.](https://incrypthos.com/wp-content/uploads/2025/09/transparent-protocol-architecture-visualizing-decentralized-ledger-security.jpeg)

Bitcoin's Accumulation Trend Score shows ongoing distribution, indicating a market struggling to find strong buying conviction.

- 
### [Bitcoin Selling Pressure Persists, Accumulation Remains Weak, Uncertainty Reigns](https://incrypthos.com/insights/bitcoin-selling-pressure-persists-accumulation-remains-weak-uncertainty-reigns/)
![A highly magnified perspective reveals a textured, light blue surface forming a deep, circular void, reminiscent of a liquidity pool within a decentralized exchange DEX. Suspended precisely above this smart contract-governed depression is a luminous, moon-like digital asset, its surface detailed with tokenomics-driven features. This visual metaphor suggests a blockchain token experiencing significant price action, potentially mooning within a Web3 ecosystem. The intricate surface texture could represent the underlying network protocol or distributed ledger technology DLT, emphasizing the complex governance token dynamics and yield farming opportunities inherent in DeFi operations.](https://incrypthos.com/wp-content/uploads/2025/09/digital-asset-mooning-over-decentralized-exchange-liquidity-pool.jpeg)

Bitcoin's on-chain data shows investors are still selling more than buying, indicating a cautious market lacking strong conviction.

- 
### [Bitcoin Retreats from Highs as Profit-Taking Cools Market](https://incrypthos.com/markets/bitcoin-retreats-from-highs-as-profit-taking-cools-market/)
![A sharply focused, three-dimensional representation showcases a metallic Bitcoin symbol intricately integrated with advanced circuitry and interconnected blue and silver wires. This sophisticated arrangement forms the core of a larger, blurred digital network infrastructure, suggesting the complex interplay of cryptographic hash functions and decentralized ledger technology. The detailed electronic components symbolize the robust node validation and transaction processing fundamental to the Bitcoin blockchain architecture, embodying the foundational elements of a digital asset system.](https://incrypthos.com/wp-content/uploads/2025/09/Bitcoin-Protocol-Layer-Cryptographic-Security-Network-Core-Depiction.jpeg)

After reaching new record highs, Bitcoin experienced a modest pullback driven by investors taking profits, signaling a healthy market recalibration.

- 
### [Bitcoin Pulls Back after Record High, Triggers Liquidations](https://incrypthos.com/markets/bitcoin-pulls-back-after-record-high-triggers-liquidations/)
![A sharp, metallic, silver-grey structure, partially covered in white snow, emerges from a vibrant blue, textured mass, itself snow-dusted and resting in calm, rippling water. This visual metaphor depicts a novel cryptographic primitive or a Layer-2 scaling solution breaking through established blockchain architecture. The deep blue mass represents the underlying distributed ledger technology DLT or a liquidity pool of digital assets, partially integrated by on-chain governance mechanisms. The tranquil water signifies the broader DeFi ecosystem and market liquidity, where new smart contract deployments are taking root, hinting at interoperability protocols and asset tokenization within a burgeoning Web3 infrastructure.](https://incrypthos.com/wp-content/uploads/2025/09/cryptographic-primitive-surfacing-decentralized-ledger-architecture.jpeg)

After hitting a new record, Bitcoin saw a sharp correction driven by profit-taking and significant leveraged liquidations, a typical market reset.

- 
### [Crypto Market Sees $1.8 Billion Liquidated, Prices Drop](https://incrypthos.com/markets/crypto-market-sees-1-8-billion-liquidated-prices-drop/)
![A detailed, close-up perspective reveals a sophisticated digital mechanism. A prominent central disc features the Ethereum logo, symbolizing a core digital asset and its underlying blockchain protocol. Surrounding this are intricate blue structures resembling circuitry and computational nodes, indicative of a decentralized network's infrastructure. Interspersed metallic components and visible gears suggest the complex consensus mechanisms and transaction processing underpinning the Ethereum Virtual Machine EVM. The composition emphasizes the technical depth and operational intricacies inherent in distributed ledger technology DLT.](https://incrypthos.com/wp-content/uploads/2025/09/ethereum-blockchain-protocol-architecture-powering-decentralized-ledger-mechanisms.jpeg)

Overleveraged traders faced a massive $1.8 billion liquidation event, causing Bitcoin and Ethereum prices to dip significantly.

- 
### [Is Weak Demand Absorbing Long-Term Holder Profit-Taking](https://incrypthos.com/insights/is-weak-demand-absorbing-long-term-holder-profit-taking/)
![A crystalline sphere, half icy white and half deep blue, represents a dynamic blockchain ecosystem. The white portion signifies cold storage and immutable ledger security, reflecting frozen assets or proof-of-stake consensus. The vibrant blue illustrates active liquidity pools and decentralized finance DeFi protocols, highlighting smart contract execution and tokenomics. Translucent rings orbit the sphere, symbolizing scaling solutions, interoperability layers, and governance mechanisms within a Web3 framework. This visual metaphor encapsulates the inherent volatility and dual states of digital assets.](https://incrypthos.com/wp-content/uploads/2025/09/blockchain-ecosystem-dual-state-liquidity-protocol-rings.jpeg)

Veteran investors are selling into recent strength, but new buying power is too weak to absorb the supply, signaling a loss of market momentum.

- 
### [JPMorgan Accepts Bitcoin and Ether as Institutional Loan Collateral Globally](https://incrypthos.com/adoption/jpmorgan-accepts-bitcoin-and-ether-as-institutional-loan-collateral-globally/)
![A dense entanglement of metallic blue conduits and dark insulated wires forms a complex abstract network. Geometric silver and black modules, some featuring etched patterns reminiscent of cryptographic hash functions, are integrated throughout, connected by data bus-like connectors with gold pins. This intricate composition evokes the underlying blockchain infrastructure and decentralized network topology, visualizing high-speed transaction throughput and secure data integrity. The interwoven elements suggest complex smart contract execution pathways and robust interoperability protocols.](https://incrypthos.com/wp-content/uploads/2025/09/decentralized-network-interoperability-protocol-data-stream-architecture.jpeg)

The bank’s global credit initiative leverages third-party custody to transform major digital assets into financeable balance-sheet collateral, optimizing institutional liquidity management.

- 
### [Long-Term Holders Distribute Bitcoin at All-Time Highs](https://incrypthos.com/insights/long-term-holders-distribute-bitcoin-at-all-time-highs/)
![A close-up view reveals interconnected, futuristic white modular units alongside transparent, glowing blue crystalline structures, encased in frost. These components suggest a sophisticated blockchain architecture, possibly representing validator nodes or secure enclaves within a decentralized ledger technology DLT system. The frost emphasizes advanced thermal management for optimal performance, critical for high-throughput cryptographic hashing or zero-knowledge proof ZKP computations. This setup illustrates robust network security infrastructure, potentially for cold storage solutions or quantum-resistant cryptography applications, ensuring data integrity across distributed systems.](https://incrypthos.com/wp-content/uploads/2025/09/frost-covered-modular-units-for-advanced-cryptographic-processing-nodes.jpeg)

As Bitcoin reached new highs, long-term investors took significant profits, indicating a critical test for market demand.

- 
### [Experienced Investors Are Selling: Is Market Conviction Fading](https://incrypthos.com/insights/experienced-investors-are-selling-is-market-conviction-fading/)
![The image displays an intricate, transparent blue mechanical assembly with a prominent central ring, suggesting a core operational component. Highly detailed metallic elements are visible within, signifying complex internal processes. The translucent structure highlights a sophisticated consensus mechanism or validator node architecture, illustrating the underlying on-chain mechanics of a distributed ledger technology DLT. This visual metaphor captures the transparency and algorithmic precision inherent in protocol governance and transaction finality within a blockchain network, emphasizing the intricate flow of digital assets.](https://incrypthos.com/wp-content/uploads/2025/09/Decentralized-Ledger-Core-Protocol-On-Chain-Mechanics.jpeg)

Seasoned Bitcoin holders are persistently taking profits, signaling a market transition phase driven by profit-taking pressure.

**Tags:** [Activity](https://incrypthos.com/news/activity/), [Bitcoin](https://incrypthos.com/news/bitcoin/), [Bitcoin Investors](https://incrypthos.com/news/bitcoin-investors/), [Bitcoin Supply](https://incrypthos.com/news/bitcoin-supply/), [Bitcoin Supply Distribution](https://incrypthos.com/news/bitcoin-supply-distribution/), [Bull Market](https://incrypthos.com/news/bull-market/), [Bull Market Phase](https://incrypthos.com/news/bull-market-phase/), [Data](https://incrypthos.com/news/data/), [Distribution](https://incrypthos.com/news/distribution/), [Distribution Phase](https://incrypthos.com/news/distribution-phase/), [Holder Net Position](https://incrypthos.com/news/holder-net-position/), [Holders](https://incrypthos.com/news/holders/), [Illiquid Supply](https://incrypthos.com/news/illiquid-supply/), [Illiquid Supply Decrease](https://incrypthos.com/news/illiquid-supply-decrease/), [Investor Behavior](https://incrypthos.com/news/investor-behavior/), [Investor Conviction](https://incrypthos.com/news/investor-conviction/), [Investor Conviction Shift](https://incrypthos.com/news/investor-conviction-shift/), [Investors](https://incrypthos.com/news/investors/), [Long Term](https://incrypthos.com/news/long-term/), [Long Term Holder Selling](https://incrypthos.com/news/long-term-holder-selling/), [Long-Term Holders](https://incrypthos.com/news/long-term-holders/), [LTH Net Position](https://incrypthos.com/news/lth-net-position/), [Macro Market Trend](https://incrypthos.com/news/macro-market-trend/), [Market](https://incrypthos.com/news/market/), [Market Cycle](https://incrypthos.com/news/market-cycle/), [Market Cycle Top](https://incrypthos.com/news/market-cycle-top/), [Market Sentiment](https://incrypthos.com/news/market-sentiment/), [Market Sentiment Indicator](https://incrypthos.com/news/market-sentiment-indicator/), [Market Trend](https://incrypthos.com/news/market-trend/), [On-Chain Data Signal](https://incrypthos.com/news/on-chain-data-signal/), [Pressure](https://incrypthos.com/news/pressure/), [Price](https://incrypthos.com/news/price/), [Price Ceiling Resistance](https://incrypthos.com/news/price-ceiling-resistance/), [Profit Taking](https://incrypthos.com/news/profit-taking/), [Profit Taking Activity](https://incrypthos.com/news/profit-taking-activity/), [Selling](https://incrypthos.com/news/selling/), [Selling Pressure](https://incrypthos.com/news/selling-pressure/), [Selling Pressure Increase](https://incrypthos.com/news/selling-pressure-increase/), [Supply](https://incrypthos.com/news/supply/), [Supply Distribution](https://incrypthos.com/news/supply-distribution/), [Supply Exhaustion](https://incrypthos.com/news/supply-exhaustion/), [Supply Exhaustion Risk](https://incrypthos.com/news/supply-exhaustion-risk/), [Veteran Investor Behavior](https://incrypthos.com/news/veteran-investor-behavior/)

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**Original URL:** https://incrypthos.com/insights/veteran-bitcoin-investors-are-taking-profits-near-100000/
