Bitcoin’s Cool-Down Phase: Why Realized Profits Signal a Healthy Market (June 2025 Update)
Bitcoin's bull run hits the pause button—but don't call it a crash. The king of crypto is catching its breath while profit-taking stays disciplined. Here's why traders aren't panicking... yet.
The 'safe range' sweet spot
Unlike the 2021 frenzy where paper hands dumped at the first sign of turbulence, this cycle's profit-taking looks downright rational. Realized profits mirror 2017's controlled unwinding—not the 2021 fire sale.
Wall Street's fingerprints
Institutional custody solutions and Bitcoin ETFs (still sucking up assets like a financial black hole) are muting volatility. The old 'whale manipulation' playbook? Getting rewritten by pension funds and corporate treasuries.
The cynical take
Of course, this 'maturity' just means the suits found new ways to extract fees from your decentralized revolution. Some things never change—even in crypto.
Bottom line: This isn't your degenerate cousin's Bitcoin market anymore. The cool-down looks sustainable... until the next leverage bomb goes off.
Realized Profits On Bitcoin At A Neutral Level
Following Bitcoin’s price decline, on-chain data shows that the Bitcoin market dynamics are seeing a cool-off as BTC Realized profits remain at a key zone. The current levels of realized profit indicate that the market is functioning in a state of sound equilibrium, showing no immediate indications of overheating or undue speculation.
On-chain expert and verified author Darkfost reported the development in a recent post on the X platform. According to the on-chain expert, as bitcoin stabilizes in the face of economic and geopolitical uncertainties, keeping an eye on on-chain activity becomes essential.
Currently, Darkfost has stated that there are no significant red flags regarding realized profits on Bitcoin within the 7-day timeframe. In the current state of the market, the expert believes that it is crucial to monitor these indicators in order to predict any changes in market structure or attitude.
Even though bearish pressure is building in the sector, this stability suggests that the market may still have the capacity to rise as investors are exercising patience rather than making hasty withdrawals.
After he analyzed the BTC Net Realized Profit/Loss metric, Darkfost revealed that realized profits are still below a $1 billion value. This level is similar to what was captured NEAR the conclusion of the correction in October 2024, as seen on the chart.
Despite a minor increase during the most recent all-time high, realized profits were still far lower than those recorded in January 2025. Such a positioning from the metric implies that investors and traders are not concerned enough or are not seeing enough profit to spark a large-scale sell-off.
A Huge Change In BTC’s Realized Cap
Looking into Bitcoin’s Realized Cap – UTXO Age Bands by percentage, the metric shows a shift in BTC movements. Kyle Doops, a market expert and crypto Banter Show host, noted that more BTC is currently moving to strong hands or seasoned investors after he examined the key metric.
Data from the key on-chain metric shows that the share of UTXOs held for 6 to 12 months has now doubled. According to the expert, this notable advancement marks a massive shift in market dynamics.
Following the massive shift, Kyle Doops highlighted that conviction is increasing and supply is becoming more scarce. Such a trend was observed in the past, particularly in 2024. Historically, this kind of setup has preceded a rebound in price, which suggests that the ongoing volatility may be the calm before a major run.
