$BTC Daily realized gains of $1 billion in Bitcoin indicate an advanced bull market

Bitcoin's realized gains surged to several-month highs this week as BTC/USD approached $98,000.

According to CryptoQuant, the market is becoming comparable to late 2024, when the pair broke old all-time highs and reached $100,000 for the first time.

Even after positive price action following the March-April 2025 drop, profit-taking remains aggressive. Perhaps not as much as in November-December 2024, but still high —wrote contributor Kripto Mevsimi—.

“This is historically consistent with the behavior of the bull market in the final stage, where profit-taking prevails, even as the price continues to rise.”