$BTC

Bitcoin Profit-Taking Action Surpasses US$1 Billion, What Does It Signify?

Bitcoin (BTC) holders are once again recording very high daily realized profits, reaching around US$1 billion per day. This surge occurred as Bitcoin's price approached US$100,000 on Wednesday (07/05).

According to CryptoQuant analysis, this pattern resembles the final phase of a bull market, where profit-taking dominates even though prices continue to rise.

On-chain data shows that Bitcoin investors, both short-term and long-term, are becoming increasingly aggressive in realizing profits. This phenomenon has also occurred in previous cycles, such as in 2021 and 2024, which are often followed by sharp corrections or the formation of local price peaks.

Although the market structure has changed with the entry of large institutions through Bitcoin spot Exchange-Traded Funds (ETFs) in the US, investor psychological behavior remains the same. Massive profit-taking actions continue to be a primary indicator of potential trend reversals.