According to @glassnode, realized profit from Bitcoin holders with coins aged over one year has sharply declined from approximately $126 million to $13.6 million based on 24-hour SMAs, marking an 89% reduction. This significant drop suggests that long-term BTC investors are showing much less profit-taking pressure compared to the late-May peak, despite current prices being similar. For traders, this indicates reduced sell-side risk from seasoned holders, potentially signaling improved market stability and supporting a bullish outlook for the near term (source: glassnode, 2024-06-13).

According to glassnode, entity-adjusted realized profit in the Bitcoin market exceeded $500 million per hour three times within the last 24 hours, indicating a significant increase in profit-taking by investors. Such sharp profit surges often signal potential short-term selling pressure and heightened volatility, which can impact Bitcoin price support levels and trading momentum. For crypto traders, this data from glassnode suggests the possibility of intensified selling in the near term, warranting close monitoring of price action and order book liquidity for optimal trade entries and exits. Source: glassnode (https://glassno.de/4jtQ51h, June 3, 2025).