Analysts at CryptoQuant note that even after Bitcoin reached a historic high of over $126,000, most investors are not rushing to take profits, choosing to hold their positions. This market behavior indicates the likelihood of further price increases, as mass sell-offs are currently not observed.
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Profit Dynamics and Holder Behavior
According to experts, the net volume of realized profits by Bitcoin holders over the past month amounted to about 0.26 million BTC (approximately $30 billion), which is 50% lower than during previous peak values. For comparison, in July 2025, this figure was 0.53 million BTC ($63 billion), in March 2024 it was $78 billion, and in December 2024 it was $99 billion. The low level of profit taking indicates the absence of mass sell-offs, and the market maintains an upward trend.
According to CryptoQuant’s chief analyst Julio Moreno:
“Profit-taking activity remains at a relatively low level, even after Bitcoin reached a new historic high of $126,000 last Monday. This suggests that Bitcoin may continue to rise, and the peak of the cycle is not yet on the horizon,” said CryptoQuant’s chief analyst Julio Moreno.
Short-term investors have currently taken profits at only 2%, which is significantly lower than the average of 8% during peaks. Long-term holders have an average profit of 129%, which is considerably lower than the traditional market peak values of 300% (x4).
Bitcoin holders who have kept their assets for over 10 years are also showing little activity in selling. Over the past 30 days, they have spent only 5,000 BTC, which is half of what was sold during peak sales in March and December 2024, and 29% lower than the May 2025 high.
Market Prospects and Expert Predictions
According to CryptoQuant’s analysis, annual realized profits continue to rise, which traditionally indicates price support. In 2021, the market reached peak values precisely when the growth rates of profitability began to decline.
Previously, CryptoQuant specialists predicted further growth of Bitcoin to $130,000, emphasizing the persistence of the bullish trend despite the slowdown in growth rates. Experts expect that the peak of the current market will likely occur in October-November 2025, when investors will begin to gradually take profits.
Additionally, the increase in the value of the first cryptocurrency has been influenced by the situation surrounding the U.S. government shutdown, which has heightened the perception of Bitcoin as a safe-haven asset. Analysis shows that after more than 500 days since the last halving, the market is entering the final phase of the cycle; however, the asset sell-off is occurring gradually—long-term holders are splitting their sales into portions, which helps avoid sharp price fluctuations.