On-chain knowledge reveals the Bitcoin buyers have realized over $650 billion in income this bull run to date, greater than the whole final cycle.
Bitcoin Traders Have Proven Three Huge Revenue-Taking Sprees This Cycle
In its newest weekly report, the on-chain analytics agency Glassnode has talked about how the profit-taking development on the Bitcoin community has appeared throughout this bull cycle to date.
The indicator of relevance right here is the “Realized Revenue,” which measures, as its identify already suggests, the overall quantity of revenue that the BTC buyers are realizing by their transactions.
The metric refers to on-chain knowledge to find out this. It takes the earlier switch value of every token being bought/transacted as its value foundation. If this final acquisition worth for any token is lower than the present spot value that the coin’s now being moved at, then the token’s sale corresponds to revenue realization.
The Realized Revenue sums up the distinction between the 2 costs for all such transactions to search out the overall scenario for the community. An alternate metric often known as the Realized Loss tracks the gross sales of the alternative kind.
Now, right here is the chart shared by Glassnode within the report that reveals the development within the 30-day transferring common (MA) of the indicator for Bitcoin over the present and final cycles:
The worth of the metric seems to have been heading down in current days | Supply: Glassnode’s The Week Onchain – Week 25, 2025
As is seen within the above graph, the 30-day MA Bitcoin Realized Revenue has seen three main spikes within the present bull cycle, suggesting that there have been three vital profit-taking waves from the buyers. In complete, the holders have realized a whopping $650 billion in revenue throughout the cycle. From the chart, it’s seen that the identical quantity stood at round $550 billion for the earlier cycle, $100 billion decrease.
It’s additionally obvious that this quantity contains the cooldown part that began after the value high in November 2021 and lasted till the bear market began in full swing in April 2022. Thus, even when the newest cycle has already topped out, the hole in Realized Revenue would solely widen within the close to future, as BTC goes by this late profit-taking part.
This places into perspective the dimensions of beneficial properties that the Bitcoin buyers have taken to date. That stated, whereas the overall Realized Revenue has hit a big quantity, the short-term development is that of a decline in profitability.
The newest spike within the Realized Revenue occurring earlier within the 12 months was considerably smaller in scale than each the selloffs from 2024. Since this profit-taking spree, the indicator has been heading down.
BTC value
On the time of writing, Bitcoin is floating round $106,800, up 1% over the past seven days.
Seems to be like the value of the coin has taken to sideways motion | Supply: BTCUSDT on TradingView
Featured picture from Dall-E, Glassnode.com, chart from TradingView.com
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent overview by our workforce of high expertise consultants and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
