Bitcoin Long-Term Holders Sit on 72% Gains, Refrain from Selling
Bitcoin long-term holders are currently realizing gains of about 72%, but this level is still far below what was seen at previous market tops. In December 2024, realized gains for Bitcoin long-term holders reached around 350%, with the current figure being roughly one-fifth of that.
The relatively modest level of profit-taking suggests that most long-term holders may wait for further gains before selling in earnest.
Darkfost, a contributor to CryptoQuant, points out that the current level of profit realization by long-term holders is similar to what was seen in previous bear markets. This implies that despite Bitcoin's price gains, long-term holders still have not entered a profit zone that would typically trigger aggressive selling compared with prior bull-market peaks.
The market is currently in a relatively mild profit-taking phase, which could lead most long-term holders to hold on for now as they wait for further upside.