Bitcoin experienced its fifth-largest profit-taking event of 2025, with $3.7 billion in profits realized on October 2, according to CryptoQuant. This followed a price surge to $118,718, before a drop to $113,975 as traders took profits. Bulls quickly regained control, pushing Bitcoin to $119,863 by early Thursday. At the time of reporting, Bitcoin was trading at $119,588, marking a 1.96% increase over the past 24 hours and a 7.2% rise for the week. Despite the significant profit-taking, CryptoQuant noted that this does not yet signal a dominance of short-term investors, though it may influence spot selling pressure.