On-chain data shows the Bitcoin long-term holders have finally cooled off their profit-taking after showing a wild selloff just earlier.

On-chain data shows the recent Bitcoin consecutive profit-taking day streak has now surpassed the longest run from the 2021 bull rally.

On-chain data suggests Bitcoin has been going through one of its longest profit-taking events in the past five years over the last few months.

On-chain data shows that Bitcoin short-term holders may have sold BTC worth almost $4.5 billion during the past four days.

On-chain data from Glassnode shows that Bitcoin short-term holders are currently realizing 55.6 times as many profits as losses.

On-chain data shows the Bitcoin investors have locked in profits amounting to $537 million following the latest rally in the asset’s price.

Bitcoin has dropped below $27,000 as short-term holders have locked in the highest profits since the November 2021 all-time high.

On-chain data shows the Bitcoin profit-taking volume has shot up after the cryptocurrency’s price briefly broke above the $27,000 level.