Bitcoin Realized Profits Reach $2.4 Billion Amid Increased Profit-Taking
Profit-taking on the Bitcoin network increased on Monday, impacting BTC's spot price as the second quarter ended.
- Total realized profits on-chain reached $2.4 billion.
- Seven-day average of realized profits climbed to $1.52 billion, the highest since mid-May.
- This figure is above the year-to-date average of $1.14 billion but below the ~$4 billion-$5 billion peaks seen in November-December 2024.
- BTC's spot price fell by 1% to $107,180.
- Prices have stabilized between $100,000 and $110,000 since mid-May.
- Long-term holders are liquidating their holdings amid inflows into U.S.-listed spot bitcoin ETFs.
