The profit tag activity on the Bitcoin network was intensified Monday and held Bitcoin’s
Spot price under pressure on the last day of the second quarter.
The total amount of realized surge on the chain rose to $ 2.4 billion, with its seven-day average climbing to $ 1.52 billion, the highest since the second half of May, according to data traced by the blockchain analytics company Glassnode.
“That’s above the YTD average of $ 1.14 billion but still well under $ 4 billion dollars $ 5 billion tops (7D SMA) Seen in November – Dec 2024, “Glassnode said at X.
The realized profit metrics represent the total USD value of all coins moving on chain whose price for their latest movement was higher than the price for their previous movement.
Read: Who sells Bitcoin over $ 100,000 and holds the price back?
BTC’s spot price dropped by 1% to $ 107,180 Monday. Prices have stability in the range $ 100,000 to $ 110,000 since mid -May, with wallets known to have coins for long -term liquidation of their inventory in the middle (ETFS).
