Bitcoin's Price Surge Not Triggering Large-Scale Profit-Taking

CryptoQuant analyst Axel Adler Jr. recently reported that despite Bitcoin's price rise to $87,000, realized profits have dropped 19% compared to its first rally peak in August.

The data shows that during the first rally peak on August 26, the BTC price was approximately $78,600, with $9.1 billion in realized profits over the prior seven days.

By September 24, during the second rally peak, the BTC price rose to $84,100, but realized profits over the prior seven days dropped to $7.3 billion, a 19% decrease from the previous cycle.