Bitcoin (BTC) investors locked in a staggering $3.5 billion in profits in one 24-hour period as the top crypto asset printed new all-time highs earlier this week, according to the crypto analytics firm Glassnode.
The firm notes that long-term holders drove the spike in profit realization, taking $1.96 billion (~56%) of the profit, compared to short-term holders, who took $1.54 billion (~44%).
According to Glassnode, the event marks one of the largest Bitcoin profit realizations of 2025.
Glassnode defines long-term holders as entities that have held their Bitcoin for at least 155 days.
The analytics firm also notes that after a month of distribution, wallets holding less than one BTC have begun to show early signs of returning to accumulation, suggesting that retail investors are piling on Bitcoin.
“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.”
BTC is trading at $117,915 at time of writing and is down nearly 2% in the past 24 hours. The top-ranked crypto asset by market cap set new all-time highs in US dollar terms on Thursday, Friday, Sunday and, finally, Monday, when it hit $122,838.
Glassnode notes, however, that Bitcoin is still shy of its all-time highs in terms of gold and the Swiss franc (CHF).
“But versus gold, it’s now at the highest level since early February – after outperforming consistently since June 2022.”
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