Bitcoin News
By Sakamoto Nashi
1 / 15
Bitcoin (BTC) recently surged to a fresh all-time high, touching $112,000, yet the usual wave of profit-taking by investors has been surprisingly absent.
2 / 15
Typically, when Bitcoin hits new price peaks, investors seize the opportunity to take profits.
3 / 15
Data from CryptoQuant reveals that realized profits currently stand at approximately 104,000 BTC—equivalent to about $11 billion.
4 / 15
In other words, Bitcoin holders have significant “profit-taking headroom,” meaning they could realize many more gains before typical sell-offs occur.
5 / 15
The Spent Output Profit Ratio (SOPR) measures the profit or loss of spent outputs and serves as a valuable sentiment indicator.
6 / 15
Both retail traders and whales share this cautious optimism. Whale activity, which once saw over $1 billion in inflows to exchanges during previous rallies, has drastically…
7 / 15
Further evidence of accumulating sentiment comes from Bitcoin’s exchange netflows, which remain largely negative.
8 / 15
Glassnode data also shows that the total volume of spent Bitcoin by age category has decreased by $1.
9 / 15
Together, these on-chain metrics paint a picture of a market dominated by holders who believe in further price appreciation rather than short-term gains.
10 / 15
Market participants appear bullish overall, anticipating further gains. The current behavior—holding despite a record price and $11 billion in unrealized profits—points to strong…
11 / 15
If this trend continues, Bitcoin is well positioned to reclaim and hold above the $110,000 level. However, some headwinds remain.
12 / 15
The market is closely watching these factors, but the prevailing sentiment suggests Bitcoin’s upward momentum is far from over.
13 / 15
Bitcoin’s current cycle differs from past rallies in a key way: holders are more patient. This patient accumulation reduces volatility caused by mass sell-offs and may pave the…
14 / 15
Such behavior also reflects increasing maturity among investors, who are now more willing to endure short-term market fluctuations for larger future gains.
15 / 15
Bitcoin’s refusal by holders to cash out $11 billion in potential profits amid an all-time high price shows remarkable market confidence.
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