The post Bitcoin Profit-Taking Hits $260B, Highest in Nearly a Decade appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin’s long-term investors are cashing out profits at levels not seen in nearly a decade, according to new data from blockchain analytics firm Glassnode. The firm reports that holders with extended positions have realized roughly 2.37 million BTC in gains during the 2024–2025 cycle—worth about $260.7 billion at current prices. The last time profits were this high was during the 2016–2017 bull market, when long-term holders realized 3.93 million BTC. Rising Sell Pressure Glassnode said the spike in realized gains reflects intensifying sell-side activity, as investors take advantage of Bitcoin’s rally to trim exposure. After climbing steadily over the past year, Bitcoin reached a record high of $124,167 on August 14 before retreating to around $110,761—an 11% pullback. The move suggests widespread profit-taking, a pattern consistent with previous cycles where periods of explosive growth were followed by quieter consolidation phases. Analysts note that while long-term holders are locking in record profits, Bitcoin’s broader trend remains intact, with institutional inflows and market structure changes continuing to shape the cycle. The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team. Related stories Next article Source: https://coindoo.com/bitcoin-profit-taking-hits-260b-highest-in-nearly-a-decade/The post Bitcoin Profit-Taking Hits $260B, Highest in Nearly a Decade appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin’s long-term investors are cashing out profits at levels not seen in nearly a decade, according to new data from blockchain analytics firm Glassnode. The firm reports that holders with extended positions have realized roughly 2.37 million BTC in gains during the 2024–2025 cycle—worth about $260.7 billion at current prices. The last time profits were this high was during the 2016–2017 bull market, when long-term holders realized 3.93 million BTC. Rising Sell Pressure Glassnode said the spike in realized gains reflects intensifying sell-side activity, as investors take advantage of Bitcoin’s rally to trim exposure. After climbing steadily over the past year, Bitcoin reached a record high of $124,167 on August 14 before retreating to around $110,761—an 11% pullback. The move suggests widespread profit-taking, a pattern consistent with previous cycles where periods of explosive growth were followed by quieter consolidation phases. Analysts note that while long-term holders are locking in record profits, Bitcoin’s broader trend remains intact, with institutional inflows and market structure changes continuing to shape the cycle. The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions. Author Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team. Related stories Next article Source: https://coindoo.com/bitcoin-profit-taking-hits-260b-highest-in-nearly-a-decade/