Bitcoin Profit Takes Over $260 Billion as Long-Term Holders Lock In Gains

According to a new report, Bitcoin holders with long positions have realized over $260.7 billion in profits since the start of 2024, driven by selling pressure from investors seeking to capitalize on the recent rally. This marks the highest such profit-taking figure seen in nearly a decade. The last time this level was reached was during the 2016–2017 bull market, when long-term holders saw profits of nearly 3.93 million BTC.