A report by GlassNode reveals how profits of Bitcoin short-term holders point out that there has been a big rise in the past month.
Bitcoin short-term holders realize recent profit gains
The on-chain analytics company GlassNode talks about the recent earnings craze for short-term Bitcoin holders in its latest weekly report.
“Short-term Holder” (STHS) refers to BTC investors who have purchased coins in the past 155 days. This part of the market is believed to include fickle hands, who can easily react to events related to cryptocurrencies.
Given this, it is natural now that it has recently brought assets to a whole new all-time high (ATH), which will also elicit a reaction from the group.
The “profit achieved” metric is useful for measuring sales responses related to the group’s rally. This metric measures the total profit “implemented” by STH through transactions.
This indicator is by browsing the transfer history of each coin sold by similar members to see the price they initially received. If this cost base is lower than the spot price they are now selling, then the sale of coins is considered to result in the realization of certain net profits.
This profit is naturally equal to the difference between the two prices. The realized profits calculate this value for all profit transactions to find the total number of the entire STH.
Now, here is the chart shared by the analytics firm in the report that shows the trend of Bitcoin STH has achieved profits over the past few months:
Looks like the value of the metric has been quite high in recent weeks | Source: Glassnode's The Week Onchain - Week 20, 2025
As can be seen in the above image, Bitcoin STH realizes that profits have been at a high level over the past month, suggesting that members of the cohort are foreseeable to participate in the profit.
So far, STHS’s profit peaked at $747 million per day, which is quite large. The queue has reaped a total of about $11.6 billion in revenue since the sell-off began.
“For comparison, only $1.2B of profit has been achieved over the past 30 days, highlighting the sharp rebound in the rebound in new investor sentiment and spending behavior,” GlassNode noted.
Although this profitable orgy alone is large, it is still lower than its late 2024 high. It remains to be seen that Bitcoin STH realizes whether profits will expand further in the days to come, and if so, whether it can absorb sales pressure.
BTC price
With the latest continuation of bullish momentum, Bitcoin managed to set its new ATH to $109,400.
The asset appears to have seen some pullback since achieving the new record | Source: BTCUSDT on TradingView
Dall-E, Featured Images of GlassNode.com, Charts of TradingView.com
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