Bitcoin Faces Over $1B in Daily Profit-Taking
The post Bitcoin Faces Over $1B in Daily Profit-Taking appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin’s recent retreat from its local high of $111.8K is being driven by seasoned holders cashing out substantial profits. According to Glassnode, these BTC sellers—mostly intra-cycle participants who bought earlier in the rally—have pushed realized profits to $1.47 billion per day at the recent peak. This level of profit-taking, adjusted to exclude internal exchange flows, marks the fifth wave this cycle in which daily profit realization exceeded the $1 billion threshold. The report says that historically, such spikes align with short-term local tops or consolidations, especially if the market struggles to absorb realized gains. The current environment, therefore, puts a spotlight on market resilience amid elevated distribution. Profit-Taking Becoming More Tempered Over Time To understand the broader implications, Glassnode’s analysts assessed the trend using a 90-day simple moving average (SMA) of net realized profit normalized by Bitcoin’s market cap. fbitc This method reveals how profit realization intensity has shifted over cycles as the market matures. 2015–2018 Cycle: Lasted ~25 months, peaked above 0.4% of market cap. 2020–2022 Cycle: Ran ~20 months, peak reached ~0.15%. Current Cycle (Nov 2023–Today): Now in its 18th month, with two peaks around 0.1% of market cap. This decreasing peak trend suggests profit realization has become more disciplined, possibly reflecting reduced volatility, better capital management, and the influence of institutional investors. Rather than boom-bust euphoria, the market may be undergoing a structured rotation of capital, signaling greater maturity in the asset class. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news…
The post Bitcoin Faces Over $1B in Daily Profit-Taking appeared on BitcoinEthereumNews.com.
Bitcoin Bitcoin’s recent retreat from its local high of $111.8K is being driven by seasoned holders cashing out substantial profits. According to Glassnode, these BTC sellers—mostly intra-cycle participants who bought earlier in the rally—have pushed realized profits to $1.47 billion per day at the recent peak. This level of profit-taking, adjusted to exclude internal exchange flows, marks the fifth wave this cycle in which daily profit realization exceeded the $1 billion threshold. The report says that historically, such spikes align with short-term local tops or consolidations, especially if the market struggles to absorb realized gains. The current environment, therefore, puts a spotlight on market resilience amid elevated distribution. Profit-Taking Becoming More Tempered Over Time To understand the broader implications, Glassnode’s analysts assessed the trend using a 90-day simple moving average (SMA) of net realized profit normalized by Bitcoin’s market cap. fbitc This method reveals how profit realization intensity has shifted over cycles as the market matures. 2015–2018 Cycle: Lasted ~25 months, peaked above 0.4% of market cap. 2020–2022 Cycle: Ran ~20 months, peak reached ~0.15%. Current Cycle (Nov 2023–Today): Now in its 18th month, with two peaks around 0.1% of market cap. This decreasing peak trend suggests profit realization has become more disciplined, possibly reflecting reduced volatility, better capital management, and the influence of institutional investors. Rather than boom-bust euphoria, the market may be undergoing a structured rotation of capital, signaling greater maturity in the asset class. Author Kosta Gushterov Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news…
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