#squarecreator - Daily realized profits of 1 billion dollars in Bitcoin would indicate a "late bullish market"

$BTC - Profit-taking in Bitcoin "dominates" as the price continues to rise, and this could easily extinguish the market's bullish rebound, warns research from CryptoQuant.

Bitcoin investors are taking advantage of higher price levels in several months by withdrawing their profits.

These average USD 1 billion per day, raising fears that the market recovery could stagnate or even reverse.

Institutional participation has not caused a change in mindset, claims CryptoQuant.

It risks reaching a "local maximum or a strong correction" if current levels of profit-taking continue, warns a new study.

In a blog article "Quicktake" published on May 8, the on-chain analysis platform CryptoQuant pointed out the high realized profits among BTC investors.

Profit-taking in BTC reaches January highs

Realized profits from Bitcoin have reached several-month highs this week, as the BTC/USD pair approached USD 98,000.

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

"Even after the 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 late-stage bullish market behavior - where profit-taking dominates, even when the price continues to rise."

CryptoQuant data places the current 7-day moving average of realized profits across the hodler spectrum at approximately USD 1 billion per day.

"If we look back at similar cycles (for example, 2021)