The firm reports that holders with extended positions have realized roughly 2.37 million BTC in gains during the 2024–2025 cycle—worth about $260.7 billion at current prices.

The last time profits were this high was during the 2016–2017 bull market, when long-term holders realized 3.93 million BTC.

Rising Sell Pressure

Glassnode said the spike in realized gains reflects intensifying sell-side activity, as investors take advantage of Bitcoin’s rally to trim exposure.

After climbing steadily over the past year, Bitcoin reached a record high of $124,167 on August 14 before retreating to around $110,761—an 11% pullback.

The move suggests widespread profit-taking, a pattern consistent with previous cycles where periods of explosive growth were followed by quieter consolidation phases.

Analysts note that while long-term holders are locking in record profits, Bitcoin’s broader trend remains intact, with institutional inflows and market structure changes continuing to shape the cycle.

The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post Bitcoin Profit-Taking Hits $260B, Highest in Nearly a Decade appeared first on Coindoo.

---

Filed under: Bitcoin - @ August 27, 2025 10:01 pm