Краткосрочные инвесторы биткоина начали фиксировать прибыль на фоне роста цен Translation: Headline: Short-term Bitcoin investors start locking in profits amid price surge.

Short-term holders of the leading cryptocurrency have shifted to locking in profits, as shared by a contributor to CryptoQuant under the pseudonym IT Tech.

The chart below illustrates the profit and loss trends of short-term investors (STH) transferring assets to trading platforms.

Following a prolonged period of unprofitable trades, there was a significant spike in profit-taking over the past day, coinciding with a gradual recovery in Bitcoin’s price.

At the time of writing, the digital gold is trading around $95,300. Over the past week, the asset has appreciated by 5.4%, according to CoinGecko.

IT Tech concluded that «late» buyers capitalized on the local bounce and newfound liquidity to exit their positions.

«Surges in STH profits typically indicate a depletion of the current momentum rather than the beginning of a new rally,» the expert cautioned.

CryptoQuant analysts noted a trend reversal among large players, as the annual net change in «whale» balances (1,000-10,000 BTC) decreased by 220,000 BTC.

This decline in activity followed a cyclical accumulation peak of 400,000 BTC recorded in December 2024 and marked the sharpest drop since the beginning of 2023.

However, last week the trend shifted: whales increased their holdings by 46,000 BTC (+21%). This metric returned to positive territory for the first time since November 2025, signaling the end of an active asset redistribution phase.

The dynamics of «dolphins» (wallets holding 100 to 1,000 BTC, including ETFs) appear weaker. From the October peak of 972,000 BTC, this group’s accumulated volume has fallen to 589,000 BTC. The nearly 38% correction indicates a cooling interest in this segment.

Accumulation cycles for whales and dolphins are evolving at different paces. During the current market phase, major holders showed peak activity in June 2024, when their annual balance grew by 260,000 BTC, while dolphin reserves amounted to only 11,000 BTC.

Subsequently, the situation changed: driven by the popularity of ETFs, dolphin assets surged explosively, reaching 970,000 BTC by October 2025. However, following that peak, a sell-off occurred. Due to significant volumes, this group of investors has had a key influence on recent price formation.

Historically, global rallies are sparked by whales, analysts believe. Therefore, the current revival in purchases from their side should be viewed as an «early fundamental signal» rather than a short-term price growth factor.

As a reminder, in mid-January, a popular market sentiment indicator first indicated «greed» among Bitcoin investors since October.