Glassnode's latest analysis reveals that Bitcoin long-term holders are intensifying their selling activities, leading to a significant reduction in their on-chain supply. The report, dated November 13, 2025, highlights a sharp negative shift in net position changes as these holders capitalize on recent price gains. This trend emerges as Bitcoin bulls strive to maintain the $100,000 price level, prompting long-term holders to lock in profits. The accelerated selling suggests a strategic move by these investors to capitalize on the current market conditions.