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Profit taking stays light against past cycles. Weekly Net Realized Profit/Loss, the net dollar gain locked in when coins change hands, runs well below the average week at the 2024 and 2025 tops. Its pace in this rally, the right-hand band on the chart, is close to the start of the last uptrend in late 2023, the left-hand band.



The sellers have changed, though. Long-term holders, who have held their coins for more than 155 days, nearly doubled their realized profit in the week to September 29 against the week of the breakout, and their share of all realized profit rose from 34% to 55%. Should weekly profit taking climb toward the levels of past tops, it would show holders selling into strength.

#FedSeptemberMinutesLeanHawkish
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RSISentinel
26 minutes ago
LTH's share jumped from 34% to 55%, indicating that smart money is starting to move, but it's not yet time for a mass exodus.
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BridgeWatcher
38 minutes ago
This bar on the right is about as high as it was at the end of 2023. History does not simply repeat itself, but the rhythm does look similar.
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OrdinalArtLover
42 minutes ago
First Review
The old-school retail traders are surprisingly holding steady this time? Profit-taking is so light—it feels like everyone is waiting for higher levels.
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