After the price of Bitcoin surpassed $117,000, over 95% of the circulating coins became profitable for their holders. The analytical company Glassnode reported that such a situation typically indicates the onset of an euphoria phase in the cryptocurrency market.
This is reported by Finway
Price Surge and Investor Behavior
Experts note that such high profitability rates often provoke mass profit-taking among traders. During this period, market participants actively sell their coins, which can lead to increased volatility and heightened risks in the market.
“According to analysts, this situation is characteristic of euphoria phases in the market. They state that during this period, traders mass take profits, which often results in increased volatility and risks.”
Large Transactions and Market Reaction
An expert from the CryptoQuant platform, using the pseudonym Maartunn, reported a massive movement of Bitcoins: 32,322 BTC, worth approximately $3.93 billion, was withdrawn from wallets that had not been used for three to five years. This is the largest such movement of Bitcoins in 2025, indicating a change in strategies among long-term investors and a possible preparation for new market events.
Additionally, on October 7, 2025, a so-called “whale,” holding over $10 billion in Bitcoins, transferred 3,000 BTC to the Hyperunit platform. This transaction sparked lively discussions in the cryptocurrency community and provoked debates about the potential beginning of a new asset accumulation phase, particularly for Ethereum.
Analysts at QCP Capital previously emphasized that Bitcoin is strengthening its position as a safe-haven asset, especially amid political and economic uncertainty in the United States. Currently, the value of the first cryptocurrency hovers around the $123,000 mark.
BTC/USDT Chart on Binance. Data: TradingView.