Bitcoin (BTC) Holders Realize 110,000 BTC in Profits After August Rally

110,000 BTC Banked in Weeks

On-chain data shows Bitcoin (BTC) investors have been cashing out at a fierce pace since the late-August surge, disposing of roughly 110,000 BTC across just a few weeks. The rally ignited on August 19 with the asset trading under $65,000 and drove it to nearly $80,000 within two days. CryptoQuant's latest weekly research attributes 23,000 BTC of net realized profit to August 21 alone — the heaviest single-day realization of 2026. Large holders, the whales who dominate exchange liquidity, led the distribution. The same report frames the wave as a classic “bullish cooldown”: it happens into strength, but concentrated realization can cap near-term upside, and history shows the Bitcoin market tends to sell off hard after parabolic rallies when conviction wavers.

Chop Around the $80K Line

Price action has stayed pinned to the round number. Market monitoring showed BTC briefly trading above $80,000 on Binance's USDT pair earlier in the session, after Friday's push toward $82,000 was rejected in the wake of the US jobs report. The asset then slid from roughly $82,400 to $79,600 and sits just below the $80,000 line as of the latest readings. The rejection matters because it marks another failure inside the upper supply band within a week, leaving short-term traders a well-defined range: reclaim $80,000 and the liquidity above comes into view, or lose it and the recent pattern of higher lows comes under pressure.

The structural picture is more constructive than the chop suggests. Daily-chart analysis shows BTC holding well above the former $72,000-$74,500 breakout zone and both key moving averages, preserving the broader bullish shift, while sellers remain active inside the $80,500-$82,500 supply band. Below, the lower boundary of an ascending channel near $76,000-$77,000 is the pivotal support, and a dense liquidation cluster sits almost exactly there — the weekly heatmap shows heavy downside liquidity around $76,000-$78,000, with upside concentrations near $81,000-$82,000 extending toward $84,000. That asymmetry makes a liquidity sweep lower plausible before any renewed push. Leveraged positioning has already proven fragile this week, with longs absorbing a $280 million liquidation flush in a single deleveraging event.

The $40 Trillion Debasement Question

The macro backdrop frames the debate. US federal debt has crossed $40 trillion, the deficit runs near 6% of GDP, yet Bitcoin trades around $80,000 — roughly 37% below last year's record — an awkward gap for the hard-money case long championed by Bitcoin maximalism. Analysts at BloFin argue the so-called debasement trade has entered a “second phase,” in which investors watch government attempts to manage borrowing costs as closely as money creation itself, a point their research desk laid out in a September 2 thread. The scarcity narrative anchored in Bitcoin's proof-of-work issuance has not failed, they contend — the timing of monetary policy, not fiscal arithmetic, decided this year's path.

a point their research desk laid out in a September 2 threadhttps://x.com/BloFin_Academy/status/2095119725408006311?ref_src=twsrc%5Etfw

The sequence matters. Early 2026 broke the trade: Bitcoin fell below $62,000 while gold and silver slid sharply, an unwind BloFin ties largely to Kevin Warsh's nomination as Federal Reserve chair — markets judged him less likely to expand the balance sheet to absorb fiscal pressure. August flipped the script. On August 18 the 30-year Treasury yield reached its highest level since 2007; a day later the Treasury said it would at least double the maximum size of liquidity-support buybacks in 10-to-30-year bonds, from $2 billion to at least $4 billion per operation. Bitcoin rose about 25% in August, gold roughly 15%. Treasury buybacks are not QE, but the direction of policy is shifting. Still, with 10-year real yields near 2.4%, bonds out-compete crypto on inflation-adjusted return, and BTC's cycle — it peaked 534 days after the April 2024 halving, in line with 2017 and 2021 — still rules. Long-horizon forecasts like the River model's $840,000 five-year projection assume that constraint eventually breaks. Readers tracking the market in real time can follow live spot and futures prices on MEXC.

$80,812 Breakout Line in Focus

COINOTAG's proprietary 42-indicator composite S/R scoring engine frames the immediate battleground precisely. The $80,812 resistance scores 79/100 — the strongest level on our board — driven by the confluence of Fibo 0.000, the Donchian Upper band and the ATR and Keltner Upper channels; the $79,507 support scores 75/100 via Ichimoku Tenkan and a fresh resistance-to-support flip. Derivatives positioning is cautiously constructive: funding sits at -0.0005%, meaning shorts pay longs, while open interest of $15.79 billion and a 1.13 long/short account ratio signal a mild long skew. With the Fear & Greed Index at 73 (Greed), RSI at 67 and a bearish MACD inside a sideways trend, a daily close above $80,812 opens the path to $83,390; losing $79,507 invalidates that thesis and exposes $76,169, then $74,131.