- Main event, leadership changes, market impact, financial shifts, or expert insights. Profits prompt potential correction, historical precedence.
- No significant altcoin impact reported.
Bitcoin long-term holders realized $3.5 billion in profits in just 24 hours as of July 15, 2025, according to on-chain data from Glassnode.
Profit-Taking Activity
The profit-taking activity by Bitcoin holders reached a substantial level, with long-term holders cashing out $1.96 billion. Glassnode data highlights these significant figures, indicating a strong market movement.
Short-term holders also participated, realizing profits of $1.54 billion. This activity level signifies a potential shift, given the high Long-Term Holder SOPR ratio of 1.96.
Market Reaction
Following the profit surge, Bitcoin’s price pulled back to just under $117,000 from a high of $123,000. The market’s reaction was immediate, showcasing typical short-term corrections.
Historically, such profit-taking incidents align with market peaks. February and June 2025 saw corrections post-SOPR spikes, providing historical context to current events.
The 1,000–10,000 BTC cohort continues to lead accumulation (~0.9), while >10,000 BTC holders remain in distribution (~0.3). 100-1,000 BTC distribute the most aggressively.” – Glassnode, On-Chain Analytics Platform
Impact on Other Cryptocurrencies
The concentration of profits in Bitcoin suggests no substantial impact on other cryptocurrencies like Ethereum. Focus mainly remains on Bitcoin’s performance.
Historical trends depict a correlation between high SOPR levels and upcoming corrections. Analyses of past events aid in understanding potential outcomes and market adjustments.
