Bitcoin Traders Rake In $11.6B Profit In 30 Days—Proving Even Broken Clocks Are Right Twice A Day

Short-term Bitcoin holders just cashed in one of the most lucrative months in crypto history—turning paper gains into real profits faster than a Wall Street bonus gets clawed back.

The $11.6 billion haul highlights crypto’s unique volatility premium, where traders profit wildly while traditional investors debate ’store of value’ narratives. Meanwhile, Bitcoin keeps printing money for those who treat it like a casino—because nothing says ’mature asset class’ like 30-day returns that dwarf annualized hedge fund performance.

In brief

• Bitcoin short-term investors have realized 11.6 billion dollars in profits in just one month, according to Glassnode.
• This surge in activity strongly contrasts with the 1.2 billion dollars of profits made in the previous 30 days.
• Despite these massive sales, Glassnode estimates that the market remains below the overheating levels of late 2024.
• The evolution of short-term investors’ behavior could determine the future trajectory of the crypto market.

Record profit-taking among short-term investors

After colossal losses a few weeks ago, short-term Bitcoin investors are scaling up profit-taking at a rarely seen level.

This phenomenon was reported in Glassnode’s latest weekly report, which indicates a sudden acceleration in profits realized by this category of investors, known for their reactivity to market movements.

Here are the key data reported by Glassnode:

• 11.6 billion dollars in profits were made over the last 30 days;
• The amount reached up to 747 million dollars per day, a notable peak in this bullish cycle;
• By comparison, in the previous 30 days, cumulative profits totaled only 1.2 billion dollars;
• These figures reflect a “drastic rebound in sentiment and spending behavior of new investors”;
• All of this is measured by the “Realized Profit” indicator, which calculates the difference between the purchase price and the actual selling price of bitcoins, coin by coin.

On-chain analysis reports a persistent trend over the past month. Indeed, the profit realized by short-term investors has remained at exceptionally high levels, directly linked to the rally that led bitcoin to a new ATH.

This frenzy of profit-taking illustrates a rapid change in the stance of newly entered investors in the market, who are often more sensitive to price fluctuations and more inclined to secure their profits during highly volatile phases.

Absorbable selling pressure or the beginnings of a reversal?

While the realized profit figures are spectacular, Glassnode tempers the interpretation by noting that this profit-taking cycle remains “below the peaks reached at the end of 2024”.

This detail is essential because it implies that the market has not yet reached overheating levels comparable to those observed during previous cyclical highs.

In other words, even though short-term investor activity is intense, it is not necessarily a sign of an overall market exhaustion.

This distinction could indicate a stronger resilience of demand, capable of supporting prices despite the selling pressure.

Moreover, the central question now posed is that of absorbing this pressure. Glassnode wonders: “It remains to be seen whether incoming demand will be able to absorb this selling pressure”.

This sentence crystallizes the current uncertainty. If the buying momentum remains at a sufficient level, massive profit-taking could only have a moderate impact on price. Conversely, a more marked pullback could start, returning the market to a consolidation phase, or even a more severe reversal.

Although current indicators show a still dynamic and partially supported market, caution is advised. The behavior of short-term investors in the coming weeks could serve as a reveal for the overall trend.

If profit-taking intensifies without being offset by an inflow of fresh liquidity, a weakening of the bullish cycle could loom. Conversely, a smooth absorption of this selling pressure by demand could lay the groundwork for a new, potentially more structured bullish impulse, similar to the recent crossing of 111,000 dollars by Bitcoin.

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