Bitcoin stabilizes as short-term investor profit-taking activity declines

Bitcoin is showing signs of stabilization after significant declines in profit-taking activity among short-term investors. However, market sentiment remains cautious due to potential macroeconomic risks.

Profit-taking decreases, stability signals

According to the report from #Glassnode , the daily profit-taking volume of Bitcoin has decreased from 2 billion USD at the end of 2024 to 1 billion USD in 2025. The profit-taking activity of short-term investors has fallen below historical average levels, indicating that the market is in a "relatively balanced position." Nevertheless, the supply of profitable Bitcoin remains high, creating potential pressure.

Risks and outlook

Bitcoin's recovery to a peak of 123,000 USD in July created a "liquidity gap" from 110,000 USD to 117,000 USD. If $BTC can surpass the 116,000 USD threshold (the average price at which investors bought last month), this could signal that buyers are regaining control.

However, the instability of the macroeconomic environment and recent adjusted employment data still keep investors cautious. This is reflected in Bitcoin's 30-day skew index, which has turned negative, indicating that investors are looking to protect their positions against the risk of a decline. Nevertheless, experts still encourage looking at the broader picture, as Bitcoin's year-to-date returns are still three times higher than the #S&P500 index, indicating that long-term growth potential remains very strong.