Glassnode Report: Long-term Bitcoin Holders Lead Profit-Taking Wave!
Recent data from 'Glassnode' shows that profit-taking on the Bitcoin network has risen again after a period of calm, with realized profits reaching $2.46 billion on June 30, while the seven-day simple moving average (SMA) increased to $1.52 billion,
surpassing its annual average of $1.14 billion, although still below its peak recorded in late 2024 at $4.5 billion.
These figures indicate an increase in distribution activity on the network, led by long-term investors.
Bitcoin holders between three and five years realized profits of $849 million, followed by those holding between seven and ten years at $485 million, and those with holdings between one and two years at $445 million.
In contrast, profits for short-term Bitcoin holders did not exceed $6 million.
The 'Sentora' platform confirmed that wallets containing more than 1,000 Bitcoins, classified as whales, are gradually reducing their balances, indicating redistribution rather than withdrawal.
The platform believes this dynamic represents maturity in the market, which may contribute to enhancing Bitcoin's long-term stability.
Meanwhile, the price of Bitcoin continues to trade below the $110,000 level, within a narrow range it has maintained over recent weeks.
