The influx of new investors will ensure a further increase in the price of bitcoin

Bitcoin's price began an upward movement in November and is now holding above $19,000.However, at the same time as theby the price of long-term shareholders began to make a profit.

The average output time shows the movement of long-purchased coins, which suggestsabout making a profit by long-term holders.

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Currently, this figure is at a high level, see the graph above.

The rise in prices boosted the total profit margin and showed that most long-term holders bought less than $ 10,000 of BTC and held it for most of the recent bull run.

&#171;At the end of November, the average withdrawal duration indicator indicated that some long-term holders stopped trading and began to make profits around this time&#187;Glassnode reports.

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For some, it might have been alarming news, but it certainly wasn't a bearish signal.

Long-term holders periodically receive profits, before and during bullish rallies.As a result, the total number of long-time owners decreased markedly before the market peaked.This trend can be seen in the graph below.

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Sales of long-term investors slightly reduce the price and allows new retail investors to enter the market.Buying investors in both categories together with organizations means that the top has not yet been reached.

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