Bitcoin profit-taking may accelerate as the price climbs to three-month highs, with holders locking in gains at the highest single-day level since December.
According to Julio Moreno, head of research at CryptoQuant, holders realized 14,600 BTC (approximately $1.1 billion) in profits on Monday alone-the largest daily profit-taking since December 10, when BTC traded above $90,000.
The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) also rose above 1, signaling “clear profit-taking territory.” Moreno noted that on a 30-day rolling basis, holders are realizing more than 20,000 BTC in net profits for the first time since December 2025.
Historically, such profit spikes in bear markets indicate local price tops or sideways action. Despite the surge in realized profits, demand has not caught up, and BTC remains in a bear market.
Meanwhile, Bitcoin ETF inflows remain strong, surpassing $1 billion this week before a $268.5 million outflow on Friday.
Analysts remain divided on whether BTC has bottomed. Early investor Michael Terpin predicts a potential bottom around $57,000 by October 2026, based on historical price patterns. He says a return to $100,000 this year is possible but unlikely.