Bitcoin Selling Pressure Drops as Price Surges Past $100K

A key metric, Net Realized Profit/Loss, shows that during previous surges—especially when BTC broke prior highs—profit-taking activity spiked significantly. This is visible in the sharp peaks of realized profits in late 2024, coinciding with Bitcoin’s rise into uncharted price territory.

However, the most recent leg of the rally tells a different story. While Bitcoin has climbed steadily from around $70K to above $100K, the level of realized profits remains subdued. This suggests that current holders are showing strong conviction, opting to hold their positions rather than cash out.

Such behavior often signals a maturing market and growing investor confidence in higher long-term valuations. If this trend continues, it could further support price stability at these elevated levels—or even fuel additional upside momentum.

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As of May 10, 2025, BTC sits comfortably above the $100K threshold, and the subdued profit-taking activity could mark the beginning of a new phase in this bull cycle.

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