According to the latest observations from blockchain data analysis firm Glassnode, wallets holding Bitcoin for less than 12 months are currently the main profit-takers, accounting for 83% of all realized profits, while longer-term holders are choosing to wait.
Source: Glassnode
Glassnode pointed out that mid-term buyers holding for 6 to 12 months realized $904 million in profits on June 16, setting the second-highest single-day profit record this year, and indicating that buyers from the fourth quarter of last year are currently offloading Bitcoin in large quantities. Meanwhile, investors holding for more than 12 months only realized $324 million in profits, which is a significant decrease compared to the profit-taking wave in May or the single-day profit level of $1.2 billion last week.
Glassnode Summary: "Senior Bitcoin holders are currently choosing to wait and the current market selling pressure is dominated by holders with shorter holding periods."
Source: Glassnode
Last week, we highlighted how $BTC wallets that held >12m were the primary profit-takers. But that trend has now flipped. Yesterday: <12m cohorts accounted for 83% of all realized profit 6–12m holders alone realized $904M – second-highest daily profit YTD pic.twitter.com/gBD8tLCjVG
— glassnode (@glassnode) June 17, 2025
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