After a sudden pullback from its all-time high, Bitcoin’s price has continued its downward trend, retesting the $109,000 threshold. While the flagship crypto asset seems to have found stability above the $111,000 mark, on-chain data has revealed a massive uptick in realized profits following its recent surge to new highs.

Massive Profit-Taking Among Long-Term Bitcoin Holders

Bitcoin has had quite a remarkable price performance this cycle, breaking key boundaries and setting multiple all-time highs. In light of this significant upward price action, long-term BTC holders, often regarded as seasoned investors, appear to be cashing in their coins like never before. Particularly, long-term holders realized profits have risen sharply to levels that eclipse past bull market cycles.

Gl

See Full Page