Crypto traders sold $ 11.4 billion in bitcoin in a month

The cryptocurrency market is showing a new wave of active growth, which is already affecting investor behavior and changing the structure of the market itself. According to a recent report by analytical company Glassnode, these processes are taking place in real time as key indicators are updated.

Thus, bitcoin BTC $110,794.10 Bitcoin 4.07% Market capitalization $2.2 trillion VOL. 24 hours $5.79 billion recently exceeded the $ 107,000 mark, approaching its all-time high of $ 109,000 set in December 2024. Against this backdrop, the Realized Cap metric — which reflects the total value of all bitcoins at their most recent price movements — has exceeded $ 900 billion for the first time in history. This indicates a large-scale inflow of new capital into the crypto ecosystem.

Following this growth, many investors have begun to adopt more cautious strategies. Short-term holders have been particularly active in taking profits: over the past month, they have realized $ 11.4 billion in profits, including $ 747 million in one day.

Ethereum ETH $2,633.70 Bridged Ether (StarkGate) 4.28% Market capitalization $0.24 billion VOL. 24 hours $3.13 billion is also showing a strong recovery. After the network update called Pectra on May 7, the ETH rate increased significantly several times. One of the days was marked by a 21.8% increase, the best daily result since 2021, which sparked a new wave of optimism about a long-term bullish trend.

Glassnode analysts identify the $ 2,400-$ 2,900 zone as a critical resistance level for Ethereum. A successful breakout and consolidation above this level could open the way for further growth for both ETH and the entire altcoin market. Strong fundamental signals from both key cryptocurrencies are setting the stage for a busy summer with potential new records.