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On-chain analytics firm Glassnode said profit-taking sell pressure from Bitcoin short-term holders is easing. In a post on X, Glassnode said it had noted two weeks ago that the share of exchange inflows accounted for by short-term holders sitting on profits had reached its highest level in the past year. Since then, their selling has weighed on BTC prices, but that inflow share has now fallen back to its average level over the past year.