On July 15, 2025, Bitcoin long-term holders realized $3.5 billion in profits within 24 hours, triggering a market correction. Data from analytics platform Glassnode provides context to the current events.
Profit-Taking Activity
According to Glassnode, long-term Bitcoin holders cashed out significant amounts, realizing $1.96 billion in profits. Short-term holders also contributed to this activity, realizing $1.54 billion. The data shows a high Long-Term Holder SOPR ratio of 1.96.
Market Reaction to Profit-Taking
Following the profit surge, Bitcoin's price pulled back to $117,000 from a high of $123,000. This is a typical market reaction, demonstrating short-term corrections. Historically, such incidents align with market peaks, as observed in February and June 2025 after SOPR spikes.
Impact on Other Cryptocurrencies
The concentration of profits in Bitcoin did not significantly impact other cryptocurrencies, such as Ethereum. The focus remains primarily on Bitcoin's performance. Historical trends show a correlation between high SOPR levels and upcoming corrections.
The realization of $3.5 billion in profits by long-term Bitcoin holders underscores the market's dynamics and its reaction to profit-taking. Utilizing historical data helps in understanding current trends.
