Bitcoin Hits New ATH as Profit-Taking Surges with Average Gains Around 16%

Glassnode analysts reported a notable surge in profit-taking activity following Bitcoin’s recent ascent to a new All-Time High (ATH). Data reveals that the average profit realized per Bitcoin stands at approximately 16%, a figure surpassed on fewer than 8% of trading days historically. This metric underscores a growing trend among investors to capitalize on elevated market valuations, signaling a potential shift in market dynamics. The heightened profit-taking phase reflects increased market maturity and strategic asset management by holders aiming to optimize returns amid volatile conditions. Such insights from Glassnode provide valuable context for market participants assessing Bitcoin’s price momentum and investor behavior in the current cycle.