Short-term Bitcoin holders realize $11.6B in profits in last 30 days

Bitcoin (BTC) recently hit a record high of $111,800, but there are growing indications of a possible cooldown. Over the past 30 days, short-term holders (STHs) have locked in $11.6 billion in profits, according to Coinglass data reported by Cointelegraph. While such activity is typical during bullish cycles, it is often seen before local tops. Crypto analyst Axel Adler Jr. observed that Bitcoin’s 30-day price momentum has dropped by 38%, suggesting the market may need to pause before any further upward movement. In the meantime, BTC pulled back to $108,000 after U.S. President Donald Trump announced a 50% tariff on European Union imports, set to take effect on June 1.