BTC Realized Profits Surge to $2.4B, Signaling Accelerated Bitcoin Sell-Offs

Bitcoin Holders Lock In Profits as Realized Gains Climb to $2.4 Billion

Long-term Bitcoin investors have been cashing out some of their holdings, even though U.S.-based spot bitcoin ETFs continue to attract consistent inflows.

Profit-taking activity accelerated across the Bitcoin network on Monday, exerting downward pressure on BTC’s spot price as the second quarter came to a close.

Blockchain analytics firm Glassnode reports that realized gains surged to $2.4 billion, while the seven-day average rose to $1.52 billion — the highest level observed since late May.

“That’s above this year’s average of $1.14 billion, but still notably lower than the peaks between $4 billion and $5 billion (7-day SMA) seen during November and December 2024,” Glassnode commented on X.

The realized profit figure reflects the total dollar value of Bitcoin transactions where coins were moved at higher prices than their previous cost basis.

On Monday, Bitcoin’s spot price slipped by 1% to $107,180. Since mid-May, BTC has mostly traded within the $100,000 to $110,000 range, as selling from long-term holders offsets continuous inflows into U.S.-listed spot bitcoin ETFs.