Unveiling the $3.5 Billion Bitcoin Bonanza: Long-Term Holders Cash Out in Style!

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Ah, the sweet scent of realized profits! According to the enigmatic oracle of Glassnode, Bitcoin investors have recently experienced an astonishing $3.5 billion in realized profits over the last 24 hours. Quite the single-day cashout, wouldn’t you say?

But wait, there’s more! It seems that this wave of profit-taking was not led by the impetuous short-term traders. No, no, no. The long-term holders, those steadfast guardians of the cryptoverse, took the lion’s share, walking away with a cool $1.96 billion – a whopping 56% of the total realized profits. 💰🦁

On-chain data reveals a rare instance where long-term Bitcoin holders, typically known for their stoic endurance through market volatility, took advantage of high prices to sell a significant portion of their holdings. The remaining $1.54 billion was pocketed by the short-term holders, suggesting a widespread move to reduce risk as Bitcoin (BTC) flirted with cycle highs.

This profit realization comes hot on the heels of Bitcoin briefly touching $123,000 earlier this week before pulling back to around $117,000. The latest trading charts show that BTC is currently facing some resistance near its local top. 📈

Furthermore, the daily Relative Strength Index (RSI) is showing signs of cooling down. The price action over the past few hours also suggests exhaustion, with Bitcoin dropping by more than $5,000 from its weekly high. 📉

Over the past 24 hours, #Bitcoin investors realized $3.5B in profits.
🔹 Long-term holders took $1.96B (~56%)
🔹 Short-term holders took $1.54B (~44%)

One of the largest $BTC profit realization days this year – driven mostly by long-term holders.

— glassnode (@glassnode) July 15, 2025

Several red candles now dominate the latest sessions, a clear sign of post-profit-taking pressure. Meanwhile, the daily structure still looks good, above the 50-day and 200-day moving averages. But this sudden outflow of cash might cause some short-term turbulence. 🌊

The main takeaway? Bitcoin’s recent surge to new highs is not just about ETF flows and macro sentiment. It is affecting real economic decisions for long-term investors. With a whopping $3.5 billion gone in just one day, the next few sessions will reveal if BTC can handle the supply shock or if more selling is on the way. 💸

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2025-07-15 15:07