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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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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
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