Bitcoin Long-Term Holders Realize 72% Profits While Keeping Selling Limited

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.
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.
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.
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.
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.
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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