Restrained Bitcoin Selling Continues
Bitcoin Long-Term Holders Realize 72% Profits While Keeping Selling Limited
Anonymous
Bitcoin profit-taking remains modest compared with prior market peaks, suggesting many long-term holders may be waiting for further gains rather than selling aggressively. CryptoQuant contributor Darkfost put long-term holders’ realized profits at about 72%, well below the roughly 350% reached in December 2024 and near levels seen in past bear markets. Glassnode data cited in another report showed holders realized about $5.1 billion in net profits over a week, while Bitfinex’s adjusted Spent Output Profit Ratio was near 1.01, indicating coins were being sold at only slight gains. Some short-term holders have moved Bitcoin to exchanges as its price approached $88,000, but reports characterize overall profit-taking as restrained relative to past rallies.
Key Points
1
Bitfinex said Bitcoin’s aSOPR reached as high as 1.04 during the August rally, compared with about 1.01 in the current reading—evidence that profit-taking has been less widespread this time.
2
Bitcoin had rebounded from below $58,000 in early July to above $86,000, its highest price since January, according to the Bitfinex-focused report.
3
Bitcoin closed the week ending September 20 at $81,159, its first weekly close above the 50-week moving average—then at $78,786—in 45 weeks.
4
The report on short-term holders placed Bitcoin’s move toward $88,000 amid record highs for the Nasdaq and a recovery in shares of Strategy and BitMine.
5
Coinfomania described trading volume as subdued and said the lack of significant activity suggested traders were waiting for clearer signals before making larger moves.
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