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

ME News, April 16 (UTC+8): CryptoQuant Research Director Julio Moreno said that Bitcoin’s recent rise faces an increasingly growing risk of profit-taking, and multiple on-chain indicators show that selling pressure is increasing. Bitcoin broke above $76,000 on Tuesday, reaching a new high since early February, but it has now fallen back to around $74,800, testing the on-chain realized price of $76,800------this level has historically acted as a bear-market resistance level, and has repeatedly suppressed rebounds. As the price rises, the number of Bitcoins flowing into exchanges per hour has increased to about 11,000 coins, the highest level since the end of December 2025; this is mainly driven by large holders transferring funds, and the average amount per deposit has risen to 2.25 BTC, the highest since July 2024. Over the course of several days, the share of large-holder deposits has climbed from below 10% to more than 40%; 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 historically significant profit-taking threshold of $1 billion. Moreno warned that if Bitcoin continues to stay above $76,000 or pushes toward $76,800, realized profits could accelerate to more than $1 billion, increasing the likelihood that a rebound stalls or reverses. (Source: PANews)