Bitcoin Profit-Taking Shifts Amid Rising Price

Long-term Bitcoin holders are selling their coins, but this time it's different. The current trend of profit-taking in September 2026 doesn't match what was seen at previous market peaks. According to CryptoQuant, long-term holders have enjoyed an average gain of about 72% now, significantly lower than the 350% seen in December 2024.

This means that those who sold heavily during the last peak have far less incentive to sell today. Interestingly, wallets holding between 100 and 1,000 BTC have increased their total by 113,950 BTC since July 15, according to Santiment.

The price of Bitcoin has risen despite selling activity, with a current trading value near $84,100, up 4.6% over the past month. However, it's unclear which group Bitcoin holders should be watching. The sell-side risk ratio tracked by Glassnode shows that long-term holders are selling at only about a fifth of the pace seen at the peak in July 2025.