Bitcoin Rally Stalls as Long-Term Holders Cash Out
2025-07-15 10:09:36
Main Idea
Bitcoin's price rally stalls as long-term holders cash out, with $3.5 billion in realized profits and a supply gap between $110,000 and $116,000 contributing to a 5%-6% price drop.
Key Points
1. Bitcoin retreated from a record high of $123,000 to below $117,000, a 5% drop, as investors realized $3.5 billion in profits.
2. Long-term holders accounted for 56% of the profit-taking activity.
3. A supply gap between $110,000 and $116,000 was created due to minimal trading activity in that range during the rapid price rally.
4. Glassnode’s UTXO Realized Price Distribution (URPD) highlights the market activity and supply dynamics during the price movement.
Description
Bitcoin BTC retreated from Monday's record high of $123,000 to trade below $117,000, about 5% below the peak, as investors locked in gains earned during the weekend rally in one of the largest profit-realization events for bitcoin this year. Glassnode data shows that investors collectively realized $3.5 billion in profit over the past 24 hours, with the majority going to long-term holders — defined as those who bought more than 155 days ago, who accounted for 56% of the total. The largest crypto...
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