Analytics platform Glassnode says one Bitcoin investor cohort is suddenly selling the most BTC<\/a> for realized gains.<\/p>\n According to the analytics platform, those holding onto Bitcoin between six and 12 months are abruptly locking<\/a> in massive gains at a rate exceeding all other cohorts, raking in a $904 million profit on Monday.<\/p>\n \u201cLast week, we highlighted how BTC wallets that held greater than 12 months were the primary profit-takers. <\/em><\/p>\n But that trend has now flipped. [On Monday]: less than 12 months cohorts accounted for 83% of all realized profit. <\/em>Six to 12-month holders alone realized $904 million \u2013 the second-highest daily profit year to date.\u201d<\/em><\/p>\n Glassnode says<\/a> the same six-to-12-month investor cohort netted more profits two months ago.<\/p>\n \u201cMid-cycle buyers (six-12 months) stepped up on June 16th with $904 million in realized gains. That\u2019s just behind the April top in terms of daily profits \u2013 and shows that Q4\u201924 buyers are now distributing heavily.\u201d<\/em><\/p>\n However, the analytics firm says<\/a> that the selling of Bitcoin for profits is slowing way down for long-term BTC holders.<\/p>\n \u201cMeanwhile, greater than 12-month holders realized just $324 million, a notable drop from the relentless profit realization in May or even the last week\u2019s peak of around $1.2 billion. <\/em><\/p>\n Bottomline: seasoned BTC holders are stepping back for now \u2013 and newer coins are now driving market sell pressure.\u201d<\/em><\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Analytics platform Glassnode says one Bitcoin investor cohort is suddenly selling the most BTC for realized gains. According to the analytics platform, those holding onto Bitcoin between six and 12 months are abruptly locking in massive gains at a rate exceeding all other cohorts, raking in a $904 million profit on Monday. \u201cLast week, we […]<\/p>\n","protected":false},"author":2,"featured_media":395622,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-395618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/395618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=395618"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/395618\/revisions"}],"predecessor-version":[{"id":395623,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/395618\/revisions\/395623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/395622"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=395618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=395618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=395618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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