Bitcoin Hovers Around $120,000: What’s Next?
Posted On August 11, 2025
Bitcoin‘s (CRYPTO: BTC) price stability around the $120,000 mark comes as on-chain data shows profit-taking at historically elevated levels, according to a Glassnode report.
What Happened: The report notes that despite realized profit margins reaching peaks seen in only a handful of prior cycles, the market has so far absorbed the selling pressure without significant downside.
Glassnode’s analysis finds that short-term holders are currently driving much of the realized profit activity, selling coins acquired at substantially lower prices.
The magnitude of realized profits has reached levels comparable to major market phases in the past, highlighting the scale of capital rotation taking …
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