Long-term Bitcoin holders realized $1.7 billion in daily profits as older coins flooded back into circulation, creating significant sell-side pressure that challenges price recovery amid ongoing market digestion.
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Record Profits from Long-Term Holders: Bitcoin’s realized gains reached $1.7 billion per day, the highest in the cycle, driven by sales from coins held for over a year.
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Revived Supply Surge: Older Bitcoin coins re-entered the market at $2.9 billion daily, marking the second-highest level and adding to resistance against price rallies.
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Market Stability Key: Despite pressures, Bitcoin held weekly support at $108,700, with potential for a rally to $120,000 if stability persists, per on-chain data analysis.
Discover how long-term Bitcoin holders’ $1.7B daily profits are impacting prices in 2025. Learn key on-chain insights and expert views on market resistance. Stay informed—explore Bitcoin’s future today!
What Is Driving Long-Term Bitcoin Holders to Take Profits?
Long-term Bitcoin holders are cashing in at record levels, with realized profits hitting $1.7 billion daily as older coins re-enter circulation, according to on-chain analytics from Glassnode. This surge reflects a natural market digestion phase where early adopters secure gains after years of holding through volatility. Analysts note this sell-side pressure, rather than external manipulations, is the primary source of current resistance preventing a swift recovery.
How Does Revived Supply from Older Coins Affect Bitcoin’s Price?
The average age of spent Bitcoin coins has increased throughout this market cycle, signaling that long-term holders—often called “OGs” or original gangsters in crypto circles—are the dominant sellers. Data from Glassnode shows realized profits spiking to $1.7 billion per day, while losses reached $430 million daily, the third-highest this cycle. This revived supply hit $2.9 billion per day, the second-highest level recorded, flooding the market and capping upside potential.
James Check, a prominent on-chain analyst, emphasized on Sunday that the crypto market’s failure to recover stems from “good old-fashioned sellers” rather than manipulation or suppression. He highlighted that the volume of sell-side pressure from existing Bitcoin holders remains underappreciated and serves as the key resistance point. Check shared charts illustrating these trends, underscoring how long-held coins are now being moved after minimal activity for extended periods.
Older coins re-enter supply as old hands take profits. Source: James Check
Crypto investor and analyst Will Clemente observed that the past year’s relative weakness in Bitcoin has largely involved a transfer of supply from these long-term holders to traditional finance institutions, as evidenced by on-chain data. He suggested this dynamic will become less relevant in the coming years, even as focus remains on short-term price dips.
Galaxy Digital CEO Mike Novogratz reinforced this view during an interview with Raoul Pal last week, noting that many in the Bitcoin community who rode the asset’s rise for years are now diversifying into real-world assets. “There are a lot of people who finally decided, ‘I wanna buy something’,” Novogratz said, citing examples like friends purchasing yachts or stakes in sports teams. He confirmed that the supply entering the market primarily comes from these “old OGs” and miners, describing the current phase as “digesting that turnover.”
Frequently Asked Questions
Why Are Long-Term Bitcoin Holders Selling Now in 2025?
Long-term Bitcoin holders are taking profits due to the asset’s significant appreciation over recent cycles, realizing gains after holding through volatility. On-chain metrics from Glassnode indicate this sell-off peaked at $1.7 billion daily, driven by a desire to diversify or secure wealth amid market highs, without signs of panic selling.
Can Bitcoin Recover If Holders Continue Profit-Taking?
Bitcoin’s price faces challenges while long-term holders sustain profit-taking, but stability at key support levels like $108,700 could lead to a rally toward $120,000 or higher. Analysts like Rekt Capital stress that maintaining this support is crucial for absorbing supply and building momentum for future gains.
Key Takeaways
- Record Daily Profits: Long-term holders realized $1.7 billion in gains per day, highlighting a mature market where early investors lock in returns after multi-year holds.
- Supply Revival Impact: Older coins returning at $2.9 billion daily create resistance, but this transfer to institutional buyers may stabilize the ecosystem long-term.
- Hold Support for Rally: With Bitcoin closing weekly at $108,700 and reclaiming $110,000, sustained stability could propel prices past current resistance—monitor on-chain data closely.
Conclusion
In summary, long-term Bitcoin holders’ profit-taking at $1.7 billion daily and revived supply from older coins are key factors shaping the asset’s challenging path in 2025, as noted by experts like James Check and Mike Novogratz. While sell-side pressure provides short-term resistance, on-chain indicators suggest this phase is part of natural market digestion, with potential for recovery if support holds. Published by COINOTAG on October 20, 2025. Last updated: October 20, 2025. Investors should track these trends closely and consider diversified strategies for the evolving crypto landscape.
