CryptoQuant: Bitcoin May Continue to Rise as Investors Resist Taking Profits

• According to CryptoQuant, profit-taking activity remains low, even after Bitcoin's price record.
• At the same time, annual realized profits show growth.
• Moreover, old wallets do not move the asset even at its peak.

Analytics firm CryptoQuant reported that despite Bitcoin reaching a new all-time high of over $126,000, investors continue to hold their positions.

“Profit-taking activity remains relatively low, even after Bitcoin reached a new all-time high of $126,000 last Monday. This suggests Bitcoin may continue to rise, and a cycle top is not yet on the horizon,” said CryptoQuant chief analyst Julio Moreno.

According to expert estimates, the net realized profits of Bitcoin holders over the past 30 days amount to approximately 0.26 million BTC (approximately $30 billion). This is 50% lower than the levels observed during the price peaks and significantly lower than the following figures:

• July 2025 – 0.53 million BTC ($63 billion);
• March 2024 – $78 billion;
• December 2024 – $99 billion.

The report notes that low levels of profit taking indicate a lack of large-scale selling, meaning the market remains in the growth phase.

As a reminder, QCP Capital analyzed that the US government shutdown was a factor in Bitcoin's growth, leading to the cryptocurrency being considered a safe haven asset.

According to CryptoQuant data, annual realized gains continue to rise, which typically supports price increases. In 2021, prices peaked precisely when annual yield growth began to slow.

Short-term investors took profits of only 2%, significantly lower than the 8% that is typical for market peaks.

Long-term holders have an average realized return of 129%, which is also significantly lower than the extreme levels of 300% (x4) that traditionally signal the end of a cycle.

Even Bitcoin holders with holdings over 10 years old are showing no signs of selling. Over the past 30 days, only 5,000 BTC have been spent, half as much as during the peaks in March and December 2024, and 29% below the May 2025 high.

It's worth noting that CryptoQuant analysts previously predicted that Bitcoin could rise to $130,000, as the market continues to maintain its bullish trend despite a slowdown in growth. The company's specialists expect the current market peak to occur in October-November 2025, when investors will gradually begin to take profits.

Experts also note that, more than 500 days after the last halving, the market is approaching the final phase of the cycle, but sales are occurring gradually—long-term owners are selling off assets in parts, which softens price fluctuations.

Source: cryptonews.net