CryptoQuant: BTC Holders' Profit-Taking Levels Remain Low, Uptrend May Continue

BlockBeats News, October 9 — CryptoQuant stated that even though Bitcoin broke through $126,000 this week to reach a new high, the market's profit-taking levels remain relatively low. Over the past 30 days, the net realized profit of Bitcoin holders totaled 260,000 BTC (approximately $30 billion), down about 50% compared to July's 530,000 BTC ($63 billion), and far below the peaks of March and December 2024 ($78 billion and $99 billion, respectively). CryptoQuant noted that low realized profits indicate that investors are more inclined to continue holding rather than cashing out, suggesting that "Bitcoin's uptrend may persist, and the market is still some distance away from a true peak." CryptoQuant further added that, based on annual trends, net realized profits are still rising, and historically, this indicator has often been closely associated with enhanced price momentum.