Long-Term Bitcoin Holders Realize $849 Million Profits

In June, Bitcoin holders who had been holding their assets for 3 to 5 years realized significant profits, amounting to $849 million. This profit-taking was primarily driven by mid- to long-term holders, with those holding Bitcoin for 7 to 10 years realizing $485 million and those holding for 1 to 2 years realizing $445 million. Short-term holders, defined as those holding for less than 6 months, played a much smaller role in this profit-taking activity.

The realization of profits by long-term holders is often seen as a sign of market maturity and stability. Despite the increase in selling pressure, the Bitcoin price has remained relatively stable, indicating strong underlying demand. This behavior is a positive signal, as it reflects a transition of market leadership from older to newer holders. This shift is seen as a bullish indicator, as it suggests that the market is becoming more dynamic and resilient.

The stability of the Bitcoin price, despite the profit-taking by long-term holders, is a testament to the strength of the market. The fact that the price has not significantly declined indicates that there is sufficient demand to absorb the selling pressure. This is a positive sign for the future of Bitcoin, as it suggests that the market is capable of sustaining itself even during periods of profit-taking.

The profit-taking by long-term holders is also a sign of market confidence. Holders who have been in the market for several years are likely to have a deeper understanding of the market dynamics and are more likely to make informed decisions. Their decision to take profits is a sign that they are confident in the future prospects of Bitcoin and are looking to secure their gains.

The recent market trend shows that older Bitcoin wallets are now actively realizing profits. These wallets, often referred to as long-term holders, appear to be capitalizing on the rise in price. This shift signals a major rotation in market behavior. Short-term wallets, particularly those holding BTC for less than six months, played a minor role in recent profit-taking. This suggests that long-standing holders are using price strength to exit or reallocate capital. The realized profit wave peaked in late May, with daily realized profits approaching $2.75 billion. This surge coincided with strong upward moves in BTC’s price, which hovered between $90,000 and $110,000 during the observed period. The black trend line on the chart displayed a steady rise, showing strong support across weeks.

The data shows a clear change in behavior. Wallets aged between 6 and 24 months injected more volatility into the market. This group sold aggressively during rallies, driving prices down from recent highs. Their influence created temporary corrections, but larger cohorts held steady. The 3–5 year holders remained the most impactful group. Their $849 million in realized profits made up nearly half of the activity tracked during the highlighted stretch. With these wallets gradually selling into strength, markets adjusted to lower liquidity from short-term participants. The 7–10 year wallets added $485 million in realized profits. Despite their smaller number, their movement reflects shifting sentiment among long-term believers. They took the opportunity to lock in gains accumulated over several cycles.

The key question remains: Could this wave of profit realization from long-term holders signal a broader shift in Bitcoin’s bull cycle? Historically, when older wallets take profits, it leads to new accumulation phases or extended consolidation. Short-term wallets, especially those under six months, continue to have limited impact. The market is less reactive to short-term noise. Instead, it follows the lead of longer-held capital. The overall realized profit surpassed $2.7 billion at its peak, with multiple spikes across May and June. On-chain data confirms the consistency of this pattern, showing a steady sell-off by mature holders. This may set the tone for the next stage of Bitcoin’s market trajectory.