CryptoQuant: The profit-taking level for BTC holders remains low, and the pump may continue.

BlockBeats news, on October 9, CryptoQuant stated that even if Bitcoin breaks through $126,000 this week and sets a new high, the market's profit-taking level remains relatively low. In the past 30 days, the net realized profit of Bitcoin holders totaled 260,000 BTC (approximately $30 billion), a drop of about 50% compared to 530,000 BTC ($63 billion) in July, and far below the peaks of March and December 2024 (which were $78 billion and $99 billion, respectively). CryptoQuant indicated that low realized profits mean investors are more inclined to continue holding rather than cashing out, suggesting that "the Bitcoin pump may continue, and we are still some distance from the true top." CryptoQuant also added that from an annual trend perspective, net realized profits are still rising, and this metric is historically closely related to enhanced price momentum.