Data from the blockchain indicates that for approximately the last three months, Bitcoin has experienced one of its most prolonged periods of investors cashing in gains in recent years, with this trend of profit realizations continuing for roughly 90 consecutive days. In a recent update on platform X, expert James Van Straten has talked about the current trend of investors selling off their Bitcoin holdings to secure gains. The relevant metric in this context is Glassnode’s “Net Realized Profit/Loss,” a tool that monitors the cumulative profit or loss experienced by users within the BTC network. This measure operates by analyzing the transaction history of every coin that undergoes a transfer on the blockchain, determining the price at which it was previously transacted before the most recent activity. For further information: An analyst compiles all the necessary details about Bitcoin Spot ETFs. If we consider that each time the coin was traded it was exchanged between different individuals (in other words, a purchase and a subsequent sale took place), then the profit or loss would be determined by the difference in the price at which the coin was bought and sold. If the more recent sale price was less than the previous purchase price, then the seller would have incurred a loss. Conversely, if the sale price was higher than the previous purchase price, the seller would have made a profit. The following graphic illustrates the pattern of net profit or loss that Bitcoin holders have experienced over the past few years. Over the past few weeks, the metric has consistently shown a green color, as noted by @jvs_btc on platform X, indicating that currently Bitcoin holders are experiencing profits as the Net Realized Profit/Loss metric displays a positive figure. Conversely, the fact that it is submerged suggests that realizing losses is currently the primary type of selling. According to the chart, Bitcoin users have predominantly been cashing in profits lately, as evidenced by the significant green figures in the indicator. Indeed, the Net Realized Profit/Loss indicator has shown positive values for approximately 90 days, indicating that investors have been consistently earning net gains for an extended period. This sequence of profit realization is among the most prolonged that the digital currency has experienced in the past half-decade. During the 2021 market surge, there was an unprecedented consecutive 155-day span where profits were consistently being taken. In the most recent trend, the metric nearly dipped below the break-even point on several occasions, yet it has managed to recover and stay in the profit zone each time. This pattern is largely attributed to the overall increase in Bitcoin’s value over recent months, which has allowed investors to consistently experience gains. Additionally, there’s related information to consider: stablecoins have seen an influx of $4 billion, an event with potential implications for Bitcoin. Lately, BTC has experienced some challenges, with its price undergoing a significant decline.