Weekly Bitcoin Movement:

- Profit-taking limits Bitcoin price increases:
Alongside the optimism mentioned above, blockchain data shows some concerning indicators. As stated in the previous weekly Bitcoin forecast, the king of digital currencies was targeting a realized price for traders at around $79,000, according to the weekly CryptoQuant report. As of this week as well, Bitcoin’s price is nearing this major resistance zone, which is currently hovering around $75,000.

A CryptoQuant analyst said: "This is a key resistance level in a bear market, and it has historically capped rebound highs."

Price range chart of realized values on the Bitcoin trading platform blockchain. Source: CryptoQuant

In addition, the chart below shows that large deposits have risen from less than 10% to more than 40% of total foreign fund inflows during those days. This sharp increase suggests that institutional distributions and major investors are the main drivers of this rise, which historically has coincided with high sell pressure in the short term—something traders should be cautious about.

Bitcoin inflows to trading platforms - Large deposits chart. Source: CryptoQuant

Daily realized profit activity is also increasing, reaching about $500 million on Wednesday, which is below the $1 billion threshold that has historically marked a significant surge in realized profits in bear markets.

CryptoQuant’s analyst concludes that "this relatively calm reading suggests that profit-taking is still in its early stages. Bitcoin holders who accumulated between $65,000 and $76,000 are now taking profits, creating an increasing balance of unrealized gains. During bear market recovery periods, profit jumps exceeding $1 billion have historically coincided with, or slightly preceded, local price peaks. If Bitcoin’s price holds steady above $76,000 or rises toward the realized trading price of $76,800, daily realized profits could accelerate noticeably toward the $1 billion mark and beyond, increasing selling pressure and raising the likelihood that the rally will pause or reverse."

Bitcoin realized profit and loss chart. Source: CryptoQuant
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