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Bitcoin Profit Taking Accelerates as BTC Realized Gain Jumps to $2.4B
Long-term holders have been selling their BTC as U.S.-listed spot bitcoin ETFs see continued inflows.
Jul 1, 2025, 9:05 a.m.
What to know:
- Bitcoin's realized profits increased to $2.4 billion, with a seven-day average of $1.52 billion, the highest since May.
- The spot price of Bitcoin fell by 1% to $107,180, remaining stable between $100,000 and $110,000 since mid-May.
- Long-term holders have been selling their BTC as U.S.-listed spot bitcoin ETFs see continued inflows.
The profit-taking activity on the Bitcoin network intensified on Monday, keeping bitcoin's spot price under pressure on the final day of the second quarter.
The total amount of realized profits on-chain rose to $2.4 billion, with its seven-day average climbing to $1.52 billion, the highest since the second half of May, according to data tracked by blockchain analytics firm Glassnode.
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"That’s above the YTD average of $1.14 billion, but still well below the ~$4 billion-$5 billion peaks (7D SMA) seen in Nov–Dec 2024," Glassnode said on X.
The realized profit metric represents the total USD value of all coins moved on-chain whose price at their latest movement was higher than the price at their previous movement.
Read: Who's Selling Bitcoin Above $100K and Holding Back the Price Rally?
BTC's spot price fell by 1% to $107,180 on Monday. Prices have steadied in the range of $100,000 to $110,000 since mid-May, with wallets known to hold coins for the long-term liquidating their holdings amid continued inflows into the U.S.-listed spot bitcoin exchange-traded funds (ETFs).
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Bitcoin Market Echoes Early 2022 as Onchain Stress Mounts: Glassnode
Rising bitcoin supply in loss, weakening spot demand and cautious derivatives positioning were among the issues raised by the data provider in its weekly newsletter.
What to know:
- Glassnode's weekly newsletter shows multiple onchain metrics now resemble conditions seen at the start of the 2022 bear market, including elevated top buyer stress and a sharp rise in supply held at a loss.
- Off chain indicators show softening demand and fading risk appetite, with declining ETF flows and weakening spot volumes.
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