At the end of June 2025, Glassnode data shows that Bitcoin holders locked in significant profits, although selling activity is below last year's levels.
Overall Bitcoin Profit Data
According to Glassnode, realized profits on Bitcoin climbed to about $2.46 billion on June 30, 2025. This push drove the 7-day moving average of realized profits to roughly $1.52 billion, well above the year-to-date average of $1.14 billion. However, these figures are significantly lower than the roughly $4-5 billion daily peaks seen during the late 2024 rally.
Long-term and Short-term Holders
Recent news indicates that most profit-taking has been driven by veteran holders. Coins held for 3-5 years realized roughly $849 million in profits, the largest share among any age cohort. By contrast, short-term holders (less than 1 year) reported just under $6 million in profits.
Traders' Expectations for the Future
Market veterans view recent selling as a normal retrenchment. Analysts, such as Steve Gregory, CEO of VTrader, noted that the $100,000 mark has become a psychological take-profit point for many Bitcoin holders. Rather than panic selling, they are locking in profits with plans to re-enter if prices dip. Gregory anticipates that as this wave of profit-taking wanes, the market will find upward momentum again.
In summary, while the current wave of Bitcoin profit-taking may be temporary, it presents an opportunity for further growth in the future if demand dynamics remain positive.
