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Bitcoin's Growth Potential Remains as Market Shows No Signs of Overheating

Bitcoin’s Growth Potential Remains as Market Shows No Signs of Overheating

Bitcoin's growth potential remains as market shows no signs of overheating.

Despite Bitcoin reaching a new all-time high of over $126,000, profit-taking levels remain low, according to a report by CryptoQuant.

Over the past 30 days, net realized profits for holders amounted to 0.26 million BTC (~$30 billion). This is nearly 50% less than July’s figure ($63 billion) and significantly below the peaks of March ($78 billion) and December 2024 ($99 billion).

Signs of Continued Growth

The low level of realized profits suggests that market participants prefer to hold the asset rather than sell it. Analysts believe this indicates a potential continuation of the rally with no signs of a cycle peak.

Julio Moreno, head of research at CryptoQuant, noted that on an annual basis, the net figure is still rising. Historically, this has been associated with upward price momentum.

“As long as there is positive momentum in realized profits, prices may trend upwards. In the past, bull markets ended when holders began selling at lower levels,” he explained.

The decline in the metric indicates that new buyers are quickly selling coins, incurring losses that exceed the profits of early investors.

Holder Behavior

Short-term holders recently recorded a 2% profit—significantly lower than the typical 8% seen at market peaks. The figure for long-term investors stands at around 129%, with extreme values reaching 300%.

Activity from OG addresses, which have held Bitcoin for over ten years, also remains low. In the past 30 days, only 5,000 BTC have been moved from these wallets—half the amount seen during peak sales in March and December 2024.

At the time of writing, digital gold is trading around $121,400, having fallen 0.3% in the last 24 hours.

BTCUSDT_2025-10-09_11-31-14
15-minute BTC/USDT chart from Binance. Source: TradingView.

Earlier, analysts at K33 stated that historical patterns defining the dynamics of the leading cryptocurrency are no longer relevant.

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