Bitcoin Long-Term Holders Realize $1.96 Billion Amid $3.5 Billion Profit Surge, Signaling Possible Short-Term Volatility

Key Points

1. Long-term Bitcoin holders accounted for $1.96 billion (56%) of the $3.5 billion profit realization, while short-term traders contributed the remaining $1.54 billion.

2. Bitcoin's price retreated to around $117,000 after reaching a weekly high of $123,000, indicating potential short-term volatility.

3. Despite the pullback, Bitcoin's daily chart maintains a bullish structure, trading above key support levels like the 50-day and 200-day moving averages.

4. The $3.5 billion profit realization reflects a shift in investor psychology, with long-term holders increasingly engaging in profit-taking at cycle highs.

5. The substantial cashout introduces short-term uncertainty, which could influence near-term price dynamics and market volatility.