{"id":34767,"date":"2025-07-02T10:32:02","date_gmt":"2025-07-02T10:32:02","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=34767"},"modified":"2025-07-02T10:32:02","modified_gmt":"2025-07-02T10:32:02","slug":"who-is-selling-their-btc-at-these-prices-glassnode-reveals-bitcoin-profit-takers","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=34767","title":{"rendered":"Who is Selling Their BTC at These Prices? Glassnode Reveals Bitcoin Profit Takers"},"content":{"rendered":"
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About a month ago, market analysts noted that profit-taking on the Bitcoin network was modest. However, that has changed.<\/p>\n

The on-chain insights provider Glassnode has revealed<\/a> that profit-taking on the leading digital network is ramping up again. This comes as Bitcoin (BTC) remains in a consolidation phase following weeks of upward movement.<\/p>\n

BTC Holders Take Profits<\/h2>\n

According to Glassnode\u2019s tweet, bitcoin\u2019s realized profits hit $2.46 billion on June 30, while the network\u2019s seven-day Simple Moving Average (SMA) spiked to $1.52 billion.<\/p>\n

The SMA, which identifies trends by averaging prices over a specific period, is currently above its year-to-date (YTD) average of $1.14 billion. However, the metric is still below its November-December 2024 peak of approximately $4.5 billion.<\/p>\n

The spike in Bitcoin\u2019s seven-day SMA indicates that coin distribution on the network is on the rise. Mid-to-long-term BTC holders have been leading this profit-taking spree; Glassnode said<\/a> investors aged three to five years have realized at least $849 million in profits. This cohort of market participants is followed by those aged seven to ten years, with $485 million in profits, and investors aged one to two years with $445 million.<\/p>\n

Short-term BTC holders, those holding for under one year, have been cashing out the least gains, at less than $6 million.<\/p>\n

Interestingly, older BTC holders have been leading the profit-taking for this cycle. CryptoPotato<\/em> reported<\/a> a rise in spending by this cohort in late May, which drove the aggregate volume for the one- to five-year cohorts to $4 billion, its highest level since February. While older investors take the lead, the bulk of the volume is coming from this particular group of Bitcoin holders.<\/p>\n

Whales Are Redistributing Too<\/h2>\n

Glassnode\u2019s latest report is further substantiated by an analysis from the institutional decentralized finance (DeFi) analytics platform, Sentora (previously known as IntoTheBlock).<\/p>\n

The firm disclosed<\/a> that wallets holding more than 1,000 BTC have been steadily reducing their balances. This indicates that although institutional money is flowing into Bitcoin, whales are still offloading their holdings.<\/p>\n

It is worth mentioning that Sentora sees the redistribution by whales as a sign of a maturing market rather than weakness. Older whale coins being dispersed could become a dynamic that would strengthen Bitcoin\u2019s long-term potential.<\/p>\n

Meanwhile, BTC was still consolidating at the time of writing, hovering under $110,000 \u2013 a level, which it has remained<\/a> confined to in the last few weeks.<\/p>\n

The post Who is Selling Their BTC at These Prices? Glassnode Reveals Bitcoin Profit Takers<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

About a month ago, market analysts noted that profit-taking on the Bitcoin network was modest. However, that has changed. The on-chain insights provider Glassnode has revealed that profit-taking on the leading digital network is ramping up again. This comes as Bitcoin (BTC) remains in a consolidation phase following weeks of upward movement. BTC Holders Take […]<\/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-34767","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\/34767","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=34767"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/34767\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}