Bitcoin profit taking may accelerate $BTC Julio Moreno, head of research at on-chain analytics platform CryptoQuant, said prices have risen to three-month highs and investors are starting to take profits.
Number of realized holders 14,600 $BTC Moreno added that following Bitcoin’s April rally, Monday’s profit reached $1.1 billion, the “best” single-day profit taking since Dec. 10. $BTC It was trading for more than $90,000.
Realized gains for Bitcoin holders soared after the April rally. Source: CryptoQuant
Short-term holder expenditure return (STH-SOPR) is an on-chain metric that measures profit taking by wallet holdings. $BTC It added that it had exceeded 1, a level that indicates “clear profit-taking territory,” for less than 155 days. he said:
“Bitcoin holders have achieved over 20,000 people $BTC After significant net losses of up to $398,000 in February and March, net income increased on a rolling 30-day basis, making it positive for the first time since December 22, 2025. $BTC”
Moreno said that a spike in realized profit levels during a crypto bear market typically indicates a regional price ceiling or a plateau in price action, adding that despite the rise in realized profits, demand has not kept pace. $BTC We are still in a bear market.
The return on spend for short-term Bitcoin holders shows that short-term holders are realizing profits. Source: CryptoQuant
Related: Is Bitcoin a “supercycle” or a bear market rally? $BTC Traders are conflicted after breaking $81,000
Bitcoin ETF inflows remain strong, but analysts are divided on market health
Inflows into Bitcoin exchange-traded funds (ETFs) continue to be strong, with four days of positive inflows this week, according to data from Pharcyde.
ETF inflows soared to more than $1 billion this week, but $268.5 million went out on Friday, according to data from Pharcyde.
Analyst opinions remain divided about whether $BTC Has the market bottomed out, or will the ongoing bear market deepen further?
Michael Terpin, an early Bitcoin investor, told Cointelegraph: $BTC It was done Bottom price is $57,000 This forecast is based on “historical” price patterns. $BTC The cycle low is reached about a year after the cycle high, Terpin said.
Turpin told Cointelegraph that while there is a “chance” for Bitcoin to return to the $100,000 price level in 2026, it is “unlikely.”
magazine: Veteran trader Peter Brandt says Bitcoin will not reach $1 million by 2030.
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