Bitcoin’s price surge may be cooling, but recent on-chain activity shows that major players are far from idle.
A wave of profit-taking has swept across the market, with realized gains soaring as BTC briefly touched a new all-time high.
According to analyst Darkfost, net realized profits among Bitcoin holders spiked dramatically since late June, peaking at over $3.3 billion in a single week. This sharp increase suggests many investors have been cashing out as the market climbed, a common pattern near local tops when optimism is high but uncertainty begins to creep in.
Much of the selling appears to come from long-term holders. Data shows wallets dormant for 3–5 years moved over 10,600 BTC—worth around $1.3 billion—between July 14 and 15. While it’s unclear whether these moves signal exits or strategic shifts, they often precede key inflection points in Bitcoin’s cycle.
Still, there’s a silver lining. Profit-taking has slowed in recent days, potentially easing sell pressure and giving Bitcoin breathing room to regroup. If the trend holds, bulls may get another shot at pushing toward new highs.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/market/bitcoin-investors-lock-in-billions-as-old-wallets-stir-is-the-rally-at-risk/