$2.46B Cashed Out in a Single Day

Key Points:

• Bitcoin profit-taking jumps to $2.46B, well above the 2025 average of $1.14B per day.
• Binance users realized $2.6B in profits, sparking a sell-off around the $105.8K BTC price level.
• Bitcoin’s transfer volume stabilizes at $58.7B, signaling market equilibrium before possible price movement.

Bitcoin (BTC) profit-taking has surged again, with on-chain data showing $2.46 billion in realized profits on the network in a single day. According to analytics firm Glassnode, the 7-day simple moving average (SMA) of realized profit climbed to $1.52 billion. This figure sits well above the year-to-date average of $1.14 billion, though it remains below the $4–5 billion highs recorded in November and December 2024.

At the time of reporting, the Bitcoin price was at $106,532, reflecting a 0.84% decline over the last 24 hours. However, it has risen 5.99% over the past seven days. This increase in realized profits suggests that more market participants are locking in gains during this period of relative strength.

Binance Drives Market Activity with $2.6B in Realized Profit

On June 16, Binance users realized $2.6 billion in profits — the exchange’s third-largest profit-taking event on record. This event occurred when Bitcoin traded around $105,800 and triggered an immediate sell-off. Binance accounted for nearly 58% of the total $4.5 billion realized profit across all exchanges that day.

This surge indicates how influential Binance remains in shaping global Bitcoin trading trends. As the world’s largest crypto exchange, it continues to be a key platform for whales and institutions. Analysts observe that profit-taking events of this size often mark local market tops or signal a phase of distribution among large holders.

Transfer Volume Signals Market in Equilibrium

According to CryptoQuant analyst Axel Adler Jr, the Bitcoin network’s average transfer volume now stands at $58.7 billion, down from a recent peak of $67 billion when BTC neared $110K. This figure remains within the historically consistent $40–80 billion range observed since early 2024.

Notably, this range has acted as a key indicator for Bitcoin’s network health. Higher volumes near $80 billion have matched previous peaks at $70K and $100K. In contrast, dips toward $40 billion have coincided with temporary slowdowns, followed by renewed buying activity. The current level suggests a state of balance, which could precede another major price move.

With on-chain activity stabilizing and profit-taking increasing, traders are closely watching network behavior. As long as the transfer volume stays above $40 billion, analysts believe the market maintains a stable foundation. Rising volumes beyond $80 billion would signal increased capital inflow, while a drop below $40 billion may suggest weakening demand.