# Long-Term Holders Take Profits as Bitcoin Nears All-Time Highs ∞ Insights

**Published:** 2025-09-17
**Categories:** Insights

---

![The image showcases a high-fidelity rendering of a futuristic, modular mechanical device composed of interlocking white and grey components, set against a dark blue, geometrically patterned backdrop. The central focus highlights a sophisticated cylindrical assembly, featuring a unique textured element and precise internal gearing](https://incrypthos.com/wp-content/uploads/2025/09/modular-blockchain-architecture-consensus-mechanism-dlt-framework.jpeg)

![Angular, reflective metallic structures resembling advanced computing hardware interlock with vibrant blue crystalline formations encrusted with a white, frosty substance. A luminous, textured sphere, evocative of a moon, floats centrally amidst these elements](https://incrypthos.com/wp-content/uploads/2025/09/blockchain-hardware-cryptographic-hashing-digital-asset-oracle-protocol.jpeg)

## Briefing

The Bitcoin market is experiencing significant profit-taking pressure from long-term holders as it approached its all-time high of $73,000. This behavior suggests a market entering a more euphoric phase, where investors are actively realizing gains. A key indicator of this trend is the [daily realized profit](https://incrypthos.com/web3/pump-fun-daily-revenue-surpasses-hyperliquid-on-solana/) exceeding $2.6 billion, demonstrating a substantial amount of capital being taken off the table by investors.

![A futuristic white satellite with blue solar panels extends across the frame, positioned against a dark, blurred background. Another satellite is visible in the soft focus behind it, indicating a larger orbital network](https://incrypthos.com/wp-content/uploads/2025/09/decentralized-node-infrastructure-enabling-web3-data-availability-layer.jpeg)

## Context

Many in the crypto market are wondering if the current bull run is sustainable or if a significant correction is imminent. [Investors](https://incrypthos.com/news/investors/) are asking whether large, experienced holders are still accumulating or if they are beginning to exit their positions, signaling a potential top. This data helps to clarify the behavior of these key market participants.

![A white, spherical technological core with intricate paneling and a dark central aperture anchors a dynamic, radially expanding composition. Surrounding this central element, blue translucent blocks, metallic linear structures, and irregular white cloud-like masses radiate outwards, imbued with significant motion blur](https://incrypthos.com/wp-content/uploads/2025/09/cryptographic-core-dlt-network-scalability-consensus-mechanisms-architecture.jpeg)

## Analysis

The analysis focuses on the behavior of [Long-Term Holders](https://incrypthos.com/news/long-term-holders/) (LTHs) and their “realized profit,” which measures the actual profit taken by investors when they sell Bitcoin. When the market reached a new all-time high of $73,000, LTHs significantly increased their “distribution pressure,” meaning they were selling more coins. This indicates that these experienced investors, who typically hold Bitcoin for extended periods, are choosing to realize their profits.

The “Supply in Profit” metric also shows that as the price pulled back from $73,000 to $61,000, approximately 2 [million Bitcoin moved](https://incrypthos.com/adoption/microstrategy-expands-bitcoin-treasury-holdings-with-new-60-million-acquisition/) from being “in profit” to “in loss,” implying a substantial number of coins had a cost basis above $61,000. This pattern of profit-taking by LTHs as Bitcoin approaches or surpasses previous highs is a characteristic of a market transitioning into a more “euphoric phase,” often accompanied by increased volatility.

![Several translucent blue, irregularly shaped objects, appearing like solidified liquid or gel, are positioned on a metallic, futuristic-looking hardware component. The component features etched circuit board patterns and a central recessed area where one of the blue objects is prominently placed](https://incrypthos.com/wp-content/uploads/2025/09/cryogenic-cooling-for-high-performance-blockchain-transaction-processing-units.jpeg)

## Parameters

- **Key Metric – [Realized Profit](https://incrypthos.com/news/realized-profit/)** ∞ Over $2.6 billion per day.

- **Observed Pattern – [Long-Term Holder Distribution](https://incrypthos.com/insights/long-term-bitcoin-holders-distribute-can-etf-demand-absorb/)** ∞ Ramped up pressure as Bitcoin hit $73k.

- **Price Range of Analysis** ∞ [Bitcoin](https://incrypthos.com/news/bitcoin/) hitting resistance at $73k, pulling back to $61k.

- **Market Phase Indicator** ∞ Shift into a more euphoric phase with increased [volatility](https://incrypthos.com/news/volatility/) and profit-taking.

- **[Supply in Profit](https://incrypthos.com/news/supply-in-profit/) Shift** ∞ Approximately 2 million Bitcoin moved from in profit to in loss during the pullback.

![This detailed render showcases a sophisticated, spherical computing module with interlocking metallic and white composite panels. A vibrant, bubbling blue liquid sphere is integrated at the top, while a granular white-rimmed aperture reveals a glowing blue core at the front](https://incrypthos.com/wp-content/uploads/2025/09/modular-dlt-node-processing-liquid-staking-protocol-operations.jpeg)

## Outlook

This insight suggests that in the near-term, the Bitcoin market may continue to experience periods of heightened volatility and profit-taking, especially as it re-approaches or attempts to break new all-time highs. Readers should watch for a sustained decrease in daily realized profit or a significant reduction in long-term [holder distribution](https://incrypthos.com/insights/bitcoin-market-stabilizes-fragilely-above-key-holder-cost/) pressure as a confirming signal that the market’s profit-taking phase might be easing. Conversely, continued high levels of realized profit and LTH selling would suggest the trend of distribution is continuing.

![A highly detailed, modular computing unit, featuring silver, black, and blue components, is centrally positioned. It displays various ports, pins, and a textured surface, indicating advanced electronic functionality](https://incrypthos.com/wp-content/uploads/2025/09/modular-blockchain-node-hardware-for-decentralized-network-operations.jpeg)

## Verdict

**Long-term Bitcoin holders are actively realizing significant profits, indicating a market entering a euphoric phase with increased [distribution](https://incrypthos.com/news/distribution/) pressure.**

Signal Acquired from ∞ <a href="https://www.youtube.com/watch?v=okJ9LtLLW-E&utm_source=incrypthos.com&utm_medium=referral&utm_campaign=noo-engine.com" target="_blank" rel="nofollow">youtube.com</a>

## Glossary

<a href="https://incrypthos.com/web3/pump-fun-daily-revenue-surpasses-hyperliquid-on-solana/" class="glossary-item-box">

## daily realized profit 

Pump. </a><a href="https://incrypthos.com/news/investors/" class="glossary-item-box">

## investors 

Definition ∞ 'Investors' are individuals or entities that allocate capital to digital assets with the expectation of generating a return on their investment. </a><a href="https://incrypthos.com/news/long-term-holders/" class="glossary-item-box">

## long-term holders 

Definition ∞ Long-term holders are investors who acquire digital assets with the intention of retaining them for an extended period, typically exceeding one year. </a><a href="https://incrypthos.com/adoption/microstrategy-expands-bitcoin-treasury-holdings-with-new-60-million-acquisition/" class="glossary-item-box">

## million bitcoin moved 

This strategic Bitcoin acquisition fortifies corporate treasury management, enhancing capital efficiency and market resilience. </a><a href="https://incrypthos.com/news/realized-profit/" class="glossary-item-box">

## realized profit 

Definition ∞ Realized profit represents the gain obtained when an asset is sold for more than its acquisition cost. </a><a href="https://incrypthos.com/insights/long-term-bitcoin-holders-distribute-can-etf-demand-absorb/" class="glossary-item-box">

## long-term holder distribution 

Long-term Bitcoin holders recently sold 183,000 BTC, initiating a critical market absorption test for new ETF demand. </a><a href="https://incrypthos.com/news/bitcoin/" class="glossary-item-box">

## bitcoin 

Definition ∞ Bitcoin is the first and most prominent decentralized digital currency, operating on a peer-to-peer network without central oversight. </a><a href="https://incrypthos.com/news/volatility/" class="glossary-item-box">

## volatility 

Definition ∞ Volatility describes the degree of variation in trading prices of an asset over time, indicating the magnitude of price fluctuations. </a><a href="https://incrypthos.com/news/supply-in-profit/" class="glossary-item-box">

## supply in profit 

Definition ∞ Supply in profit refers to the portion of an asset's circulating supply whose current market price is higher than the price at which it was acquired by its holders. </a><a href="https://incrypthos.com/insights/bitcoin-market-stabilizes-fragilely-above-key-holder-cost/" class="glossary-item-box">

## holder distribution 

Bitcoin's price shows delicate stability around its short-term holder cost, reflecting a market dominated by cautious sentiment. </a><a href="https://incrypthos.com/news/distribution/" class="glossary-item-box">

## distribution 

Definition ∞ Distribution describes the process by which digital assets or tokens are allocated among participants in a network or market. </a>

**Tags:** [Euphoric Phase](https://incrypthos.com/news/euphoric-phase/), [Market](https://incrypthos.com/news/market/), [Distribution Pressure](https://incrypthos.com/news/distribution-pressure/), [Market Cycles](https://incrypthos.com/news/market-cycles/), [Investor Behavior](https://incrypthos.com/news/investor-behavior/), [Realized Profit](https://incrypthos.com/news/realized-profit/)	

## Discover More

- 
### [Bitcoin’s Recovery Faces Sell Pressure despite ETF Inflows](https://incrypthos.com/insights/bitcoins-recovery-faces-sell-pressure-despite-etf-inflows/)
![The image displays a detailed rendering of a modular blockchain design, highlighting intricate protocol integration. Smooth white conduits represent high-throughput data pipelines, connecting into a textured, deep blue core signifying a distributed ledger. Smaller metallic tubes within the white structure illustrate granular transaction streams and inter-node communication. A larger white tube above suggests an oracle network feed or cross-chain communication channel. This visual metaphor encapsulates the complex network topology essential for Web3 infrastructure, emphasizing scalability, interoperability, and efficient on-chain data processing within a decentralized autonomous organization framework.](https://incrypthos.com/wp-content/uploads/2025/09/modular-blockchain-design-interoperability-protocol-data-flow.jpeg)

Bitcoin's recent macro-driven rally shows signs of fragility as weakening spot demand and profit-taking emerge, challenging its upward momentum.

- 
### [Massive ETF Inflows Signal Strong Institutional Demand for Digital Assets](https://incrypthos.com/markets/massive-etf-inflows-signal-strong-institutional-demand-for-digital-assets/)
![A close-up reveals a sleek, translucent device featuring a prominent brushed metallic button, illuminated by an ethereal blue glow. This sophisticated interface suggests a secure hardware wallet or biometric authentication module, critical for safeguarding digital assets. The radiant blue signifies active cryptographic signature generation or successful transaction signing, essential for decentralized finance DeFi interactions and Web3 dApp access. It represents a non-custodial solution for private key management, enabling secure blockchain operations and multi-factor authentication MFA.](https://incrypthos.com/wp-content/uploads/2025/09/secure-biometric-hardware-wallet-transaction-confirmation-interface.jpeg)

Record ETF inflows demonstrate institutional trust, driving digital asset integration into mainstream portfolios.

- 
### [Crypto Market Dips amid Liquidations and Fed Rate Cut Anticipation](https://incrypthos.com/markets/crypto-market-dips-amid-liquidations-and-fed-rate-cut-anticipation/)
![Modular white and dark metallic hardware components interlink, forming a complex blockchain infrastructure. Bright blue internal light pathways symbolize active data packets and rapid transaction throughput across a distributed network. Wisps of vapor suggest intensive node synchronization and efficient cryptographic protocol execution. This visual metaphor illustrates the underlying mechanics of a robust decentralized finance ecosystem, emphasizing scalable architecture and secure digital asset transfer processes, critical for maintaining ledger state integrity and facilitating smart contract execution within Web3 infrastructure.](https://incrypthos.com/wp-content/uploads/2025/09/scalable-distributed-ledger-infrastructure-consensus-protocol.jpeg)

The crypto market experienced a pullback due to significant liquidations, profit-taking, and investor positioning ahead of a crucial Federal Reserve interest rate decision.

- 
### [Bitcoin Selling Pressure Persists, Accumulation Remains Weak, Uncertainty Reigns](https://incrypthos.com/insights/bitcoin-selling-pressure-persists-accumulation-remains-weak-uncertainty-reigns/)
![A highly magnified perspective reveals a textured, light blue surface forming a deep, circular void, reminiscent of a liquidity pool within a decentralized exchange DEX. Suspended precisely above this smart contract-governed depression is a luminous, moon-like digital asset, its surface detailed with tokenomics-driven features. This visual metaphor suggests a blockchain token experiencing significant price action, potentially mooning within a Web3 ecosystem. The intricate surface texture could represent the underlying network protocol or distributed ledger technology DLT, emphasizing the complex governance token dynamics and yield farming opportunities inherent in DeFi operations.](https://incrypthos.com/wp-content/uploads/2025/09/digital-asset-mooning-over-decentralized-exchange-liquidity-pool.jpeg)

Bitcoin's on-chain data shows investors are still selling more than buying, indicating a cautious market lacking strong conviction.

- 
### [Bitcoin’s Recovery Faces Sell Pressure despite Macro Tailwinds](https://incrypthos.com/insights/bitcoins-recovery-faces-sell-pressure-despite-macro-tailwinds/)
![Smooth, light grey and deep blue geometric structures form an abstract composition. Multi-colored strands, representing data packets or transaction throughput, emerge from a central aperture. These protocol pathways connect to block-like node interfaces, some exhibiting grid patterns indicative of cryptographic hashing processes. A fine, sparkling texture on blue surfaces suggests active on-chain data flow and distributed ledger technology operations. This visual metaphor illustrates complex blockchain network infrastructure, emphasizing interoperability and decentralized finance facilitating digital asset transfers within a Web3 ecosystem.](https://incrypthos.com/wp-content/uploads/2025/09/decentralized-network-data-streams-cryptographic-hashing-protocol-interconnections.jpeg)

Bitcoin's recent price rebound is vulnerable as profit-taking and cautious sentiment emerge, even with strong institutional interest.

- 
### [Bitcoin’s Recovery Meets Renewed Selling Pressure](https://incrypthos.com/insights/bitcoins-recovery-meets-renewed-selling-pressure/)
![A close-up view reveals intricate brushed metallic components, resembling gears and bearings, seamlessly integrated within a translucent, vibrant blue fluid. Glowing electric blue lines trace dynamic pathways through the fluid, suggesting active data flow and transaction processing. This visual metaphor encapsulates complex blockchain architecture and decentralized infrastructure. The interplay of robust mechanical elements and energetic fluid represents a validator node executing smart contract logic or a Layer 2 scaling solution optimizing network throughput. It embodies the precision required for consensus mechanisms and distributed ledger technology operations.](https://incrypthos.com/wp-content/uploads/2025/09/decentralized-protocol-engine-interoperability-mechanism-data-flow.jpeg)

Bitcoin's price rebound to $116k, spurred by rate cut hopes, now faces fresh selling, highlighting a fragile market dynamic.

- 
### [Whale Accumulation Signals Potential Bitcoin Bullish Phase](https://incrypthos.com/insights/whale-accumulation-signals-potential-bitcoin-bullish-phase/)
![A vibrant blue, crystalline core forms the base, resembling foundational blockchain architecture or a robust liquidity pool. This core is partially covered by a textured white layer, suggesting a consensus mechanism or data shards. Two clear, angular ice blocks, symbolizing staked digital assets or validator nodes, rest atop. A pristine white sphere, representing a governance token or an oracle, floats adjacent. Multiple metallic rings encircle the structure, illustrating Layer 2 solutions or data flow within a decentralized ledger technology ecosystem, emphasizing interoperability and advanced tokenomics.](https://incrypthos.com/wp-content/uploads/2025/09/decentralized-ledger-architecture-staking-rewards-protocol-layers.jpeg)

Mid-sized Bitcoin whales are aggressively accumulating, a trend historically preceding significant price increases, indicating strong investor conviction.

- 
### [Bitcoin’s Fragile Recovery Meets Renewed Selling Pressure from Profit-Takers](https://incrypthos.com/insights/bitcoins-fragile-recovery-meets-renewed-selling-pressure-from-profit-takers/)
![A sleek metallic apparatus, resembling a high-throughput validator node or oracle mechanism, precisely channels a vibrant blue, translucent digital asset stream. This dynamic interaction illustrates the seamless liquidity provision and transaction processing within a DeFi protocol. The intricate flow signifies on-chain data movement and smart contract execution, emphasizing cryptographic integrity and network interoperability. It visually represents the efficient value transfer and data orchestration fundamental to distributed ledger technology.](https://incrypthos.com/wp-content/uploads/2025/09/defi-protocol-orchestrating-digital-asset-liquidity-flow.jpeg)

Bitcoin's recent price climb is delicate; on-chain data reveals profit-taking and waning demand create new selling pressure.

- 
### [REX-Osprey Dogecoin and XRP ETFs Launch This Week](https://incrypthos.com/markets/rex-osprey-dogecoin-and-xrp-etfs-launch-this-week/)
![A macro view reveals a vibrant blue, porous structure densely covered in intricate white crystalline formations, resembling delicate snowflakes. This visual metaphorically represents the robust cold storage mechanisms safeguarding digital assets. The crystalline layer signifies cryptographic primitives ensuring data integrity and immutability within a decentralized network. The deep blue interior, slightly out of focus, suggests the underlying blockchain protocol or node architecture, where transaction finality is achieved through complex hashing algorithms and consensus mechanisms, reinforcing digital asset security.](https://incrypthos.com/wp-content/uploads/2025/09/digital-asset-cold-storage-cryptographic-primitives-immutable-network-architecture.jpeg)

Regulated altcoin ETFs establish new capital conduits, enhancing market access and operationalizing asset class diversification for institutional portfolios.

**Tags:** [All-Time High](https://incrypthos.com/news/all-time-high/), [Bitcoin](https://incrypthos.com/news/bitcoin/), [Bitcoin On-Chain](https://incrypthos.com/news/bitcoin-on-chain/), [Cost Basis](https://incrypthos.com/news/cost-basis/), [Distribution](https://incrypthos.com/news/distribution/), [Distribution Pressure](https://incrypthos.com/news/distribution-pressure/), [Euphoric Phase](https://incrypthos.com/news/euphoric-phase/), [Holders](https://incrypthos.com/news/holders/), [Investor Behavior](https://incrypthos.com/news/investor-behavior/), [Investors](https://incrypthos.com/news/investors/), [Long-Term Holders](https://incrypthos.com/news/long-term-holders/), [Market](https://incrypthos.com/news/market/), [Market Cycles](https://incrypthos.com/news/market-cycles/), [Pressure](https://incrypthos.com/news/pressure/), [Profit](https://incrypthos.com/news/profit/), [Profit Taking](https://incrypthos.com/news/profit-taking/), [Realized Profit](https://incrypthos.com/news/realized-profit/), [Selling](https://incrypthos.com/news/selling/), [Supply](https://incrypthos.com/news/supply/), [Supply in Profit](https://incrypthos.com/news/supply-in-profit/), [Volatility](https://incrypthos.com/news/volatility/)

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**Original URL:** https://incrypthos.com/insights/long-term-holders-take-profits-as-bitcoin-nears-all-time-highs/
