Bitcoin News: Profit-Taking Climbs But Still Below 2024 Peaks

Bitcoin Profit-Taking Rises, Yet Below 2024 Highs

Recent on-chain data from Glassnode reveals increased profit-taking by Bitcoin holders in late June 2025, though levels remain significantly lower than late 2024 peaks.

Key Highlights

• Realized profits hit $2.46B on June 30, pushing the 7-day average to $1.52B—above the 2025 average of $1.14B but far below late 2024’s $4–5B daily peaks.
• Selling pressure caused a ~1% BTC dip to $107K on July 1, though the price has largely traded between $100K–$110K since mid-May.
• Long-term holders (3–5 years) drove most profit-taking ($849M), followed by 7–10-year ($485M) and 1–2-year ($445M) cohorts. Short-term holders realized less than $6M.

Market Stability & Whale Activity

• Despite profit-taking, Bitcoin’s price has stabilized, with $100K acting as strong support.
• Whale wallets (1,000+ BTC) slightly reduced balances, signaling redistribution rather than panic selling—a sign of market maturity.
• On-chain metrics show cooling activity: BTC transfer volume dropped 32% from late May highs, and June spot volumes were lower than previous bull-run peaks.

Trader Sentiment: Temporary Pullback

• Experts like Steve Gregory (VTrader CEO) view the sell-off as normal profit-taking, with $100K being a psychological exit point for pre-2017 investors.
• Sellers aim to re-enter at lower prices, suggesting the rally may resume once profit-taking subsides.

In summary, Bitcoin’s market remains range-bound, with long-term holders cashing out gains while steady demand absorbs selling pressure. The trend reflects consolidation, not a bearish reversal.