CryptoQuant Report: Low Bitcoin Profit-Taking May Signal Continued Rally Toward $160K–$200K

• Low realized profits: 0.26 million BTC taken in 30 days, roughly $30B.

• Long-term holders moved just 5,000 BTC this month, indicating strong conviction.

• CryptoQuant projects a potential range of $160,000–$200,000 if demand holds steady.

Bitcoin profit-taking remains muted at record highs; CryptoQuant data point to ongoing accumulation and possible upside—read on for analysis and outlook.

CryptoQuant reports low Bitcoin profit-taking despite record highs above $126K, suggesting strong holder confidence and potential rally continuation.

What is Bitcoin profit-taking saying about the current market?

Bitcoin profit-taking is currently low, with only 0.26 million BTC realized in the past 30 days, indicating most investors are accumulating rather than selling. This limited profit extraction suggests the market lacks the exhaustion typically seen near cycle tops and may support further price appreciation.

How do realized profits and long-term holder activity affect price outlook?

Realized profits measure coins sold at a gain and are a key indicator of market exhaustion. CryptoQuant reports 0.26M BTC realized in the last 30 days (~$30B), about half of July’s 0.53M BTC and far below 2024 peaks.

Source: Cryptoquant

Julio Moreno, CryptoQuant’s head of research, emphasizes that “realized profit momentum remains a reliable indicator of price trends.” He notes that upward momentum in realized profits typically corresponds with rising prices, while a decline can signal market exhaustion and tops.

Why are long-term holders showing limited selling pressure?

Long-term holders — wallets holding BTC for over ten years — moved only 5,000 BTC in the last 30 days according to CryptoQuant. Low movement from these cohorts usually reflects strong conviction and reduces the available supply for short-term traders to sell into.

Short-term holders are also realizing smaller margins, near 2%, well below the ~8% levels often seen at market peaks. Long-term holders’ realized margins of ~129% remain far below historical overheated-cycle peaks around 300%, reinforcing the view that a mass distribution event has not begun.

When could Bitcoin reach $160,000–$200,000 and what would drive it?

CryptoQuant models suggest a path to $160,000–$200,000 if current holding patterns and investor demand continue. Institutional commentary aligns with upside scenarios: some analysts view Bitcoin as underpriced relative to gold, citing ETF inflows and retail interest as demand drivers.

Key catalysts that would sustain further gains include continued accumulation by long-term holders, steady ETF inflows, and persistent retail demand. Conversely, a sudden rise in realized profits or large-scale selling from aged wallets would increase the risk of a short-term top.

Frequently Asked Questions

How much profit did Bitcoin holders realize recently?

CryptoQuant reports about 0.26 million BTC realized in the past 30 days, equivalent to roughly $30 billion. This marks a meaningful decline from earlier 2024 peaks and supports the view of ongoing accumulation.

Are long-term holders selling into the rally?

No. Movement from long-term wallets is muted — just 5,000 BTC moved in the last 30 days — indicating that long-term holders are largely holding through the rally rather than selling into it.

Key Takeaways

• Low realized profits: Only 0.26M BTC realized in 30 days, signaling limited profit-taking and continued accumulation.
• Long-term conviction: OG addresses moved roughly 5,000 BTC, showing subdued selling from long-term holders.
• Upside potential: If demand and holding patterns persist, CryptoQuant sees a path to $160K–$200K; monitor realized profits and institutional flows.

Conclusion

CryptoQuant’s onchain analysis — combined with institutional commentary — points to a market still in accumulation rather than distribution. Low realized profits and minimal long-term holder selling reduce near-term exhaustion risks, leaving room for further gains. Readers should monitor realized-profit momentum and capital flows as primary indicators of whether the rally can reach the projected $160K–$200K range.