Bitcoin News Today: Bitcoin Profit-Taking Stays Below $750M Amid All-Time High Climb

Bitcoin’s profit-taking activity has remained relatively restrained despite the cryptocurrency nearing all-time highs, according to data from Glassnode. The metric tracking realized profits—defined as the total gains from transactions where the selling price exceeded the purchase price—has averaged less than $750 million per day in recent months. This level is significantly below the $2 billion peaks recorded in January and July, when Bitcoin previously reached or approached its record high of $123,000 [1]. The subdued profit-taking suggests that investors are not aggressively cashing out, which could support further upward momentum in the near term.

Long-term holders (LTHs), defined as entities holding Bitcoin for more than approximately 155 days, have been the primary contributors to realized profits [1]. Short-term holders (STHs), on the other hand, have only briefly contributed during major price surges, such as the July peak. An exception occurred in July, when STHs saw a notable spike in profit-taking following Bitcoin’s climb to $123,000. Many of these profits were likely generated from investors who bought during the March market dip, when prices fell to $76,000 [1].

The current dynamic is notable for its relative stability. Over the past five days, Bitcoin has fluctuated between $116,000 and $122,000 before settling around $119,000 [1]. Throughout this period, profit-taking has stayed below the $750 million threshold. This behavior contrasts sharply with earlier market cycles when investors aggressively locked in gains during similar price levels. The reluctance to sell at current levels could indicate a shift in investor sentiment, with more participants opting to hold Bitcoin rather than convert gains into fiat.

The data also suggests that the market is not experiencing a significant wave of selling pressure. This could be a sign that confidence in Bitcoin’s long-term value remains strong, and that investors are more focused on accumulating or holding rather than realizing profits at the expense of future gains [1]. If this trend continues, it could provide the necessary stability for Bitcoin to potentially exceed its previous all-time high.

Glassnode’s Realized Profit metric provides a granular view of how different investor groups are responding to price changes. By distinguishing between LTHs and STHs, it offers insights into broader market behavior. In this case, the data highlights a pattern of patience and restraint, with long-term investors dominating the realization of gains. This dynamic supports a bullish outlook as long as the pattern remains consistent and selling pressure does not increase significantly.

Source: [1] Bitcoin Profit Taking Appears Modest Even Near All-Time High (https://www.coindesk.com/markets/2025/08/12/bitcoin-profit-taking-appears-modest-even-near-all-time-high)