Bitcoin’s Newer Buyers Realize Bigger Gains – Is A $90,000 Now Within Reach?
Bitcoin’s (CRYPTO: BTC) latest price surge has seen newer market participants locking in significant profits, shifting sell-side pressure away from long-term holders and suggesting a potential change in market dynamics.
What Happened: In an X post on June 17, Glassnode data observed that Bitcoin wallets holding coins for less than 12 months accounted for 83% of all realized profits yesterday, with 6–12-month holders alone locking in $904 million, the second-highest daily profit this year.
By contrast, long-term holders (over 12 months) realized only $324 million, reflecting a substantial pullback in profit-taking from more seasoned investors. While prices remain close to their late May 2025 levels, this decline in long-term holder activity suggests reduced sell-side risk and a more bullish …
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