{"id":30092,"date":"2025-06-04T03:46:58","date_gmt":"2025-06-04T03:46:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30092"},"modified":"2025-06-04T03:46:58","modified_gmt":"2025-06-04T03:46:58","slug":"bitcoin-profit-taking-speeds-up-post-golden-cross-hourly-btc-cashouts-top-500m-blockchain-data-show","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30092","title":{"rendered":"Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly BTC Cashouts Top $500M, Blockchain Data Show"},"content":{"rendered":"
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Bitcoin BTC holders have increased their profit-taking activity since the cryptocurrency’s price averages flashed a key bullish signal two weeks ago.<\/p>\n

BTC’s 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross \u2013 a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day, bitcoin’s price hit a record high above $111,000, according to CoinDesk data.<\/p>\n

Still, holders are increasingly locking in gains rather than holding for further upside, according to on-chain data tracked by Glassnode.<\/p>\n

“Entity-adjusted realized profit spiked above $500M\/hour three times in the past 24 hours, signaling intense profit-taking activity,” Glassnode said on X<\/a> on Tuesday.<\/p>\n

The entity-adjusted realized profit represents the total USD profit of all coins that have been moved onchain, where the price at their last movement is lower than the latest transaction price.<\/p>\n

\"Bitcoin:<\/p>\n

The chart shows the profit-taking activity has steadily increased since the second half of May, topping the $500 million mark several times. That’s the most intense profit taking operation since early February.<\/p>\n

Other metrics, such as the entity-adjusted spent output profit ratio (SOPR), suggest the same. SOPR tracks the profit level of all moved coins during a given period. It’s entity-adjusted version discards transactions between addresses of the same entity, providing a reliable indicator of real economic activity. <\/p>\n

“The recent ATH breakout has led to a notable uptick in profits locked in, with the average coin capturing a +16% profit. Fewer than 8% of trading days have been more profitable for investors, suggesting a meaningful transition into profit-taking activity is underway,” Glassnode said in its weekly report.<\/p>\n

The report added that profit-taking is still not as intense as seen during prior major price-topping patterns.<\/p>\n

As of writing, BTC changed hands at $105,600 amid reports of President Donald Trump’s Truth Social platform moving a step closer<\/a> to offering a bitcoin exchange-traded fund to everyday investors. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin BTC holders have increased their profit-taking activity since the cryptocurrency’s price averages flashed a key bullish signal two weeks ago. BTC’s 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross \u2013 a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30092","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30092","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30092"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30092\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}