Quick overview

Live BTC/USD Chart

---

Bitcoin momentarily surpassed the $81K mark, and realized profit data revealed a significant increase in on-chain gains. According to Santiment Intelligence, net realized Bitcoin profits hit $207.56 million on Sunday, the highest amount in a single month.

The action was taken as traders monitored the market’s capacity to withstand profit-taking at a significant psychological level. Michaël van de Poppe stated that although Bitcoin’s lower-timeframe structure is intact while the price stays above $73K–$75K, it was rejected near $80K. According to Santiment Intelligence, Bitcoin’s net realized profit on Sunday was $207.56 million.

The metric increased as Bitcoin approached the $80K mark, and during the most recent attempt at a breakout, realized gains along with price strength.

The gain realized when coins move on the chain above their purchase price is measured by realized profit. Santiment clarified that coins purchased around $50,000 would move once Bitcoin surpassed $80,000.

Santiment noted that high profit-taking in a rising market may indicate that buyers have taken advantage of the supply. In this instance, Bitcoin demonstrated active demand during the move as it surpassed $80K while holders locked in gains.

Santiment did, however, characterize the most recent increase as a monthly high rather than an all-time high. The price action stayed near the upper range rather than instantly losing the larger recovery structure, despite the data indicating a significant profit-taking event.

Analyst Volga said that realized profit by itself provides a partial picture. He said traders need to know the long-term holder and short-term holder split to determine whether the $207 million profit-taking event represents typical churn or deeper distribution. According to Volga, the move might be trading activity following the rally if short-term holders were responsible for the profit spike. However, the setup might convey a different market signal if long-term holders above the 155-day band were divided into $80K.