BTC rose this quarter 44%, while the scale of profit-taking remained below historical peaks
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AT A GLANCE
Bitcoin rose this quarter 44%, but the scale of profit-taking was below historical market peak levels.
Article
Analysis: Bitcoin surged this quarter 44%, but the scale of profit-taking remains far below historical peak levels
PANews September 25 reported, citing CoinDesk, that Bitcoin rose 44%to nearly 85000 USD, making it 2024 the best-performing quarter since Q4 BTC had previously declined for three consecutive quarters. As prices rose, some holders began taking profits. Bitfinex data shows that recent BTC holders realized approximately 2400000000 USD, while during historical market tops, daily realized profits typically reached 7000000000 to 10000000000 USD, meaning the current scale of profit-taking is significantly below previous market tops. Meanwhile, U.S. spot Bitcoin ETF saw cumulative net inflows of nearly 6 over the past trading days, 2840000000 USD exceeding the realized profits of holders during the same period. Cumulative net inflows since the beginning of the year are close to BTC. Bitfinex also stated that over the past 800000000 USD months, approximately 1 coins of 410000 flowed out of exchanges. U.S. spot Ethereum ETH has recorded net inflows for ETF consecutive trading days...
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🔗4 https://www.panewslab.com/zh/articles/01a0d868-3e6d-72d9-a952-49debb2633ef
Key points
01
Bitcoin rose this quarter 44%to nearly 85000 USD。
02
This was Bitcoin's best-performing quarter since Q4 2024, after declining for three consecutive quarters.
03
Recent BTC holders realized approximately 2400000000 USD。
04
During historical market tops, daily realized profits typically reached 7000000000 to 10000000000 USD。
05
U.S. spot Bitcoin ETF saw cumulative net inflows over the past 6 trading days 2840000000 USD。
06
The report said that over the past 1 months, approximately 410000 coins ETH flowed out of exchanges, but the original text is truncated at this point.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Realized profits” refers to the profit that holders have locked in after selling assets. The report shows that recent BTC holders realized approximately 2400000000 USD, below the typical daily 7000000000 to 10000000000 USD levels during historical market tops; during the same period, U.S. spot Bitcoin ETF recorded net inflows.
Why it matters to readers
These data can be used to observe selling for profit during Bitcoin's rise and ETF capital flows, but the latter part of the report is incomplete.
A rise in Bitcoin does not mean that all holders are selling large amounts for profit; price, realized profits, and ETF capital flows should be monitored together.
Risks and unknowns
The original text regarding ETH outflows from exchanges and U.S. spot Ethereum ETF is truncated in the subsequent section.
The evidence does not provide the complete report, so some background information and data definitions cannot be confirmed.
The evidence only states that the data were reported by CoinDesk and cites Bitfinex data; it does not provide a link to the original data.
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Realized profits
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