Bitcoin Realized Profits Drop 50% to 260,000 BTC — CryptoQuant Says $126,000 Breakout Signals More Upside
BTC/USDT
$17,366,629,629.18
$71,554.95 / $68,531.50
Change: $3,023.45 (4.41%)
-0.0023%
Shorts pay
CryptoQuant reported that Bitcoin pierced $126,000 this week to register a new high, yet observed profit-taking remains muted as market participants show limited disposition to liquidate positions.
Over the past 30 days, net realized profit for Bitcoin amounted to ~260,000 BTC (around $30 billion), a roughly 50% decline from July’s 530,000 BTC (~$63 billion) and well below the March and December 2024 peaks of $78 billion and $99 billion, respectively.
CryptoQuant noted that lower realized profits signal a greater tendency to hold rather than cash out and emphasized that annualized net realized profit remains elevated—an indicator historically associated with stronger market momentum and continued upside potential according to their analysis.