Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly BTC Cashouts Top $500M, Blockchain Data Show

Bitcoin (BTC) holders have ramped up profit-taking activity after the cryptocurrency’s price confirmed a key bullish signal two weeks ago. On May 22, Bitcoin’s 50-day simple moving average (SMA) crossed above its 200-day SMA — a golden cross, signaling bullish long-term momentum according to TradingView data. On the same day, BTC surged to a record high above $111,000, as reported by CoinDesk.

Despite this bullish signal, many holders opted to lock in profits rather than wait for further price increases. On-chain data from Glassnode reveals that entity-adjusted realized profit spiked above $500 million per hour three times in the past 24 hours, marking one of the most aggressive profit-taking phases since early February.

The entity-adjusted realized profit metric tracks the total USD gains from coins moved onchain when their last movement price is lower than the current transaction price. Glassnode’s charts indicate profit-taking has steadily increased since mid-May, surpassing the $500M mark multiple times.

Supporting this trend, the entity-adjusted Spent Output Profit Ratio (SOPR) — which measures profitability by excluding internal transactions within the same entity — also reflects rising profit levels. According to Glassnode’s latest report, the recent all-time high breakout saw the average coin moved capture a +16% profit, with fewer than 8% of historical trading days being more profitable for investors.

While profit-taking activity has intensified, Glassnode notes it's still not at the levels typically seen during major market peaks.

At the time of writing, Bitcoin is trading at $105,600, amid fresh reports of President Donald Trump’s Truth Social platform moving closer to introducing a Bitcoin Exchange-Traded Fund (ETF) aimed at everyday investors.

Source: Coindesk

Voice of Osiz

The latest spike in Bitcoin profit-taking reflects a classic market behavior where bullish signals like the Golden Cross trigger both optimism and caution. While the surge past $111K showcased strong investor confidence, the $500M hourly cashouts hint at strategic exits rather than blind euphoria. This highlights a maturing market mindset where profits are realized swiftly amid volatile highs. We see this as a healthy cycle resetting momentum for the next potential rally.