BTC Profit-Taking Hits Record High Amid Declining Spot Demand
Holders of Bitcoin (BTC) took significant profits on September 22nd, reaching their highest daily level so far in 2026. According to data, a total of 25,700 BTC was realized as profit on that day.
This comes at a time when apparent spot demand for Bitcoin has declined significantly over the past 30 days, falling by 170,000 BTC. Meanwhile, growth in speculative futures demand slowed down, dropping from 164,000 BTC on September 14th to 16,000 BTC on September 29th.
Additionally, short-term traders' unrealized profit margin reached a high of 33% on September 22nd, its highest level since December 2024. This suggests that many investors are locking in profits as the market experiences fluctuations.