Glassnode on-chain data show Bitcoin holders locked in sizable gains in late June, but profit-taking remains far below last year’s levels as per latest Bitcoin news.

In a single day (June 30, 2025) realized profits on Bitcoin climbed to about $2.46 billion, according to Glassnode.

That push drove the 7-day moving average of realized profits to roughly $1.52 billion – well above the year-to-date average ($1.14 billion).

Even so, those figures are well under the roughly $4–5 billion per day peak seen during the late-2024 rally. In short, selling pressure has picked up from earlier in 2025 but remains a fraction of the frenzy a year ago.

The recent uptick in profit-taking put modest downward pressure on Bitcoin’s price. On Monday (July 1, 2025), the sell-off contributed to about a 1% drop in BTC, putting it near $107,000.

Since mid-May, Bitcoin has generally traded in a $100,000–$110,000 range. The coin’s late June pullback was capped by buying support near $100K, consistent with Glassnode’s observation that the market has been consolidating in this band since early May.

Latest Bitcoin news revealed most of the profit-taking has been driven by veteran holders, not new buyers.

Glassnode data showed coins held 3–5 years realized roughly $849 million in profits in late June, the largest share of any age cohort.

The next-biggest contributions came from coins held 7–10 years ($485 million) and 1–2 years ($445 million).

By contrast, short-term holders (those owning BTC under 1 year) have claimed only a few million: Glassnode reports less than $6 million in profits for the youngest cohort.

The pattern holds even among the largest “whale” wallets. On-chain analytics show wallets with 1,000+ BTC have slightly reduced balances in recent weeks, even as institutional inflows (such as U.S. spot ETFs) continue to buy into Bitcoin.

Crypto data firms view this redistribution by whales as a sign of a maturing market, not panic selling – dispersing large holdings can in fact broaden the base of coin ownership for the next cycle.

As holders cash out, Bitcoin’s price has been relatively stable. BTC has “remained confined” below $110,000 in recent weeks.

Glassnode analysis notes the coin has been bouncing between roughly $100K and $110K since May, reflecting a market in balance.

In late June, the price briefly dipped toward $99,000 before rebounding back above $100,000, in line with a strong demand zone identified by on-chain data.

On-chain activity metrics are cooling as well. Glassnode found that the 7-day average of BTC transfer volume dropped by about from its late-May high.

Spot trading volumes in June were far lower than the peaks seen during the last bull-run. All told, the data suggest the surge to $110K in May was not accompanied by a broad speculative frenzy.

Instead, profit-taking by long-term holders is being largely absorbed by steady demand, keeping the market range-bound.

Market veterans largely see the recent selling as a normal retrenchment. Speaking to The Coin Republic, Steve Gregory, CEO of crypto broker VTrader, noted that $100,000 has become a key psychological take-profit level. He said,

“For many Bitcoin holders — particularly those who entered before the 2017 bull run — $100K is a natural point to take gains.”

These investors, Gregory explained, are “not early whales, and not recent retail entrants chasing sky-high targets,” but rather pragmatic buyers sitting on outsized returns.

From Gregory’s perspective, the current wave of selling shows signs of exhaustion rather than panic. He observes that “many of the current sellers aren’t abandoning the asset; rather, they’re seeking to re-enter at a lower basis.”

In other words, holders are locking in profit now but expect to buy back in later if prices dip. “As this wave of profit-taking wanes, we expect the market to find upward momentum once again,” Gregory says. In this view, the uptick in realized gains is a brief pause in the rally, not a turning point.

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.