CryptoQuant: Bitcoin's rally faces profit-taking risk, exchange fund inflows surge

ME News Report, April 16 (UTC+8), CryptoQuant Research Director Julio Moreno stated that Bitcoin’s recent rise faces an increasing risk of profit-taking, with multiple on-chain indicators showing selling pressure is growing. Bitcoin broke through $76,000 on Tuesday, reaching a new high since early February, but has now retreated to around $74,800, testing the trader on-chain level of $76,800—this level has historically been a resistance point in bear markets and has often suppressed rebounds. As the price rises, the hourly Bitcoin inflow to exchanges has increased to about 11k coins, the highest since late December 2025, mainly driven by large holders transferring funds, with the average deposit amount rising to 2.25 Bitcoin, the highest since July 2024. The proportion of large holder deposits has increased from below 10% to over 40% within a few days; historically, when this ratio exceeds 40%, it is usually accompanied by short-term selling pressure. Currently, the total realized profit per day is about $500 million, below the significant profit-taking threshold of $1 billion in history. Moreno warned that if Bitcoin continues to stay above $76,000 or pushes toward $76,800, realized profits could accelerate to over $1 billion, increasing the likelihood of a rebound stall or reversal. (Source: PANews)