Bitcoin Daily Profits Hit $1B as Analysts Warn of Possible Market Peak
Bitcoin (BTC) investors are realizing approximately $1 billion in profits per day, raising concerns among analysts that the current bull market may be entering its final phase.
According to a new report from on-chain analytics platform CryptoQuant, the recent surge in profit-taking activity mirrors patterns observed in past market cycles just before significant corrections.
BTC/USD climbed to nearly $98,000 earlier this week, marking its highest price level since late 2024. The rally has triggered a wave of profit realization, with traders capitalizing on gains after BTC’s recovery from the March April dip.
“Profit-taking remains aggressive,” said CryptoQuant contributor Kripto Mevsimi. “It’s not as intense as during the November-December 2024 highs, but it still indicates late-stage bull market behavior.”
Historical Parallels
CryptoQuant notes that the 7-day moving average of realized profits is now close to $1 billion a level last seen in January. This figure, analysts say, closely resembles conditions seen in 2021 and late 2024, when elevated profit-taking was followed by local market tops or sharp downturns.
“In previous cycles, sustained high realized profits often preceded corrections,” the report stated.
Institutional Entry Fails to Shift Investor Mindset
Despite the influx of institutional capital via U.S. spot Bitcoin ETFs including consistent inflows into BlackRock’s iShares Bitcoin Trust (IBIT) analysts say retail-style market behavior persists.
“The introduction of ETFs has reshaped market structure, but not investor psychology,” Mevsimi added.
Outlook Cautious
While Bitcoin continues to hover near all-time highs, CryptoQuant warns that the balance between bullish momentum and widespread profit-taking could tilt rapidly. The firm advises investors to monitor realized profit trends closely for signs of a potential reversal.
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