Bitcoin's realized profits have dropped significantly, nearing levels seen during the last bear market, according to CryptoQuant analyst Darkfost. The current weekly average realized profit stands at approximately $1.7 billion, a stark contrast to the $25 billion recorded in March 2024 when Bitcoin prices first exceeded $72,000.
This dramatic decrease highlights a substantial reallocation of Bitcoin holdings over the past two years, as noted by Darkfost. The current profit levels are nearly 15 times lower than the peak, indicating a shift in market dynamics and investor behavior.
Bitcoin Realized Profits Plummet to Bear Market Levels
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