Bitcoin absorbs $200 million profit-taking, with net realized profit reaching $207 million

CryptoWorld News: While Bitcoin absorbed $200 million in profit-taking at $80,000, on-chain data indicates the opposite. Bitcoin’s net realized profit jumped to $207.56 million on Sunday, the highest level in a month. The data comes from on-chain analytics firm Santiment. After Bitcoin first broke $80,000 in January, it briefly dipped to $79,000 on Monday, then broke above $80,000 again during Tuesday’s Asian morning session. Realized profits surged during the rise, indicating holders are realizing gains, and new participants are entering the market at current levels. On Sunday, long-term holders transferred tokens to buyers willing to pay $80,000, raising the network’s average entry price. This thickened the cohort of holders near current levels; if prices fall, they are most likely to panic. The $207.56 million in realized profits is a new one-month high. True cycle tops often generate realized profit events running into tens of billions of dollars, after which the market typically pulls back within a few days. On Tuesday, the crypto market rose: with Bitcoin above $80,000, other coins also climbed, as investors shifted toward higher-risk investments amid improving sentiment.