In recent years, more and more wallets holding thousands of bitcoins have started showing activity after being dormant for 10–13 years.
Today, another one of these wallets woke up — it’s been holding 80,000 bitcoins since 2011. Half of that has already been transferred to four different wallets. And what’s most interesting is that this happened precisely on U.S. Independence Day, when the stock market is closed and buying BTC ETFs is impossible.
According to Glassnode, Realized Profits on the Bitcoin network surged.
On the 30th of June, around $2.4 billion in $BTC were realized at an average price of $107,198, marking the highest daily profit-taking spike in nearly a month.
The 7-day SMA for Realized Profits jumped to $1.52 billion, well above the 2025 average of $1.14 billion, but still far from the $4–5 billion peaks seen in late 2024.
What does that mean?
there are growing signals that this cycle may be structurally different, potentially challenging Bitcoin’s historically resilient performance in July.