Bitcoin Investors Cash Out as Realized Profits Surge to $2.4 Billion
Long-term Bitcoin holders have been offloading portions of their holdings, even as spot bitcoin ETFs in the U.S. continue to attract new investments.
Profit-taking activity across the Bitcoin network picked up pace on Monday, contributing to downward pressure on the cryptocurrency’s spot price as the second quarter wrapped up.
According to blockchain analytics firm Glassnode, realized profits rose to $2.4 billion, with the seven-day average reaching $1.52 billion—the highest figure since late May.
“This is above the year-to-date average of $1.14 billion, though still well below the highs of $4 billion to $5 billion (7-day SMA) seen in November and December 2024,” Glassnode shared on X.
The realized profit metric calculates the total dollar value of Bitcoin transactions where coins were sold for a price higher than their cost basis.
Bitcoin’s spot price slipped 1% to $107,180 on Monday. Since mid-May, BTC has largely fluctuated between $100,000 and $110,000 as selling from long-term holders counterbalances steady inflows into U.S.-listed spot bitcoin ETFs.
