#BTCBackto100K

Bitcoin Profit-Taking Action Reaches US$1 Billion, What Does It Indicate?

Bitcoin (BTC) holders are once again realizing very high daily profits, reaching around US$1 billion per day. This surge occurred as the price of Bitcoin approached US$100 thousand on Wednesday (07/05).

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

Onchain data shows that Bitcoin investors, both short-term and long-term, are becoming increasingly aggressive in realizing gains. This phenomenon has also been observed in previous cycles, such as in 2021 and 2024, which often precede 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 continues to be a key indicator of potential trend reversals.