Bitcoin Profit-Taking Surges: Short-Term Holders Cash In as ATH Approaches

By: en coinotag|2025/05/16 18:45:05
0
Share
copy
According to a recent report by Glassnode, short-term Bitcoin holders are increasingly realizing their profits, with the Short-Term Holder Realized Profit metric soaring to approximately 3 standard deviations above its 90-day moving average. This spike indicates a robust wave of profit-taking activity among investors. Historically, however, during similar bullish phases leading to All-Time Highs (ATH), this figure has often exceeded 5 standard deviations, underlining the necessity for enhanced profit-taking dynamics to balance the persistent buying enthusiasm. Bitcoin’s recent ascent towards its ATH can be attributed to strong demand in the spot market , propelled by significant on-chain accumulation along with inflows from off-chain sources. Predominant demand is sourced from spot ETFs and reputable exchanges such as Coinbase . Notably, a critical support threshold has been established near the $95,000 mark, coinciding with a notable decrease in selling pressure, which bolsters this upward trajectory. In contrast, the derivatives market appears to be lagging, with open interest and funding rates failing to align with the bullish momentum evident in the spot market. The positioning within the options market reflects a cautiously optimistic outlook, while the futures market exhibits minimal signs of excessive long leverage, suggesting a measured approach amidst the prevailing market conditions.

You may also like

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Every trend here is affecting everyone's future survival.

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

The most important industry in the crypto world, only 300 kilometers away from the missile's impact point

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.

The little deer live by the water and grass

Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.

Popular coins

Latest Crypto News

Read more