Bitcoin Price Surge Shows Signs of Fatigue Amid Rising Profit-Taking
Bitcoin's recent price surge has reached new heights, but signs of fatigue are emerging. According to CryptoQuant, short-term traders' unrealized profit margin has reached a 21-month high, reaching 33%.
This increase in profit-taking suggests that some investors are using the current price as an opportunity to secure returns after the latest advance. On September 22, Bitcoin holders realized $25,700 in profit, marking the largest single-day profit realization of 2026.
However, CryptoQuant's research also shows that spot demand is contracting, with fresh buying failing to keep pace with the recent price increase. Furthermore, futures growth has slowed down significantly, from 164,000 BTC on September 14 to just 16,000 BTC by September 29.
The firm identifies $80,000 as the first major support area in case of a correction, with additional levels sitting around $71,000 and approximately $67,000. Despite these signs of weakness, CryptoQuant's head of research Julio Moreno stated that Bitcoin remains in a bull market, citing its close above the 365-day moving average and a strong underlying market condition.