This Week, Bitcoin’s Realized Profit Soars to Relative Highs
This week, Bitcoin’s realized profit surged to relative highs not seen in months. Kripto Mevsimi notes that the current market conditions resemble those at the end of 2024, when Bitcoin broke its all-time high and first reached $100,000.
CryptoQuant analyst Kripto Mevsimi stated:
“Even after a positive rebound following a price drop in March to April 2025, profit-taking behavior remains intense. While it is not as extreme as in November to December 2024, it is still quite high.”
He added that this situation typically occurs in the later stages of a bull market, where profit-taking dominates market sentiment even as prices continue to rise.
Furthermore, data from CryptoQuant shows that the current 7-day moving average realized profit for holders is approximately $1 billion per day. Kripto Mevsimi believes that reviewing similar market cycles (such as in 2021), when profit-taking behavior remains elevated and persistent, often heralds the arrival of a local peak or sharp correction.
Despite some market commentators suggesting that the investment environment for Bitcoin has fundamentally changed with increased participation from institutional investors,
the impact of the U.S. spot Bitcoin exchange-traded fund (ETF) is particularly significant, with the largest BlackRock Bitcoin ETF recording net inflows daily for two consecutive weeks. However, Kripto Mevsimi emphasizes that the behavioral patterns triggered by Bitcoin’s price movements have essentially not changed.
