Bitcoin Profit-Taking Intensifies as Realized Gains Hit $2.4 Billion

Long-term Bitcoin holders have been selling portions of their holdings, even as U.S.-listed spot bitcoin ETFs continue to attract steady inflows.

Profit-taking across the Bitcoin network picked up momentum on Monday, weighing on Bitcoin’s spot price on the final day of the second quarter.

On-chain data shows that realized profits surged to $2.4 billion, while the seven-day average climbed to $1.52 billion — the highest level since the latter half of May, according to blockchain analytics firm Glassnode.

“That’s above the year-to-date average of $1.14 billion but still significantly below the peaks of around $4 billion to $5 billion (7-day SMA) recorded in November and December 2024,” Glassnode noted on X.

The realized profit metric measures the total U.S. dollar value of all Bitcoin transactions where coins were moved at a higher price than their previous transaction price.

Bitcoin’s spot price dipped by 1% to $107,180 on Monday. Since mid-May, BTC has largely traded between $100,000 and $110,000, as long-term holders have been liquidating some of their positions while new capital continues to flow into U.S.-listed spot bitcoin ETFs.