Profit activity on the Bitcoin network intensifies on Monday, retaining Bitcoin’s
Spot prices under pressure on the last day of the second quarter.
The total on-chain realized profits increased to $2.4 billion on-chain, which climbed an average of $1.52 billion, the highest since the second half of May, according to data tracked by Blockchain Analytics Firm GlassNode.
“This is above the YTD average of $1.14 billion, but it is still below the peak of about $4 billion-$5 billion (7D SMA) The Glass Festival says on X.
The realized profit indicator represents the total value of all coins, with the price of its latest move higher than it was at work.
read: Who sells Bitcoin for over $100,000 and blocks price rally?
On Monday, BTC’s spot price fell 1% to $107,180. price Stable Since mid-May, the range is $100,000 to $110,000, with long-term liquidation of known wallet holding coins as it continues to flow into U.S. listed spot bitcoin exchange-traded funds (ETF).
