BTC realized profits have fallen to bear market levels, analyst says

Very few investors appear to be realizing profits in the current BTC market, on-chain analyst Darkfost stated on X. He noted that the weekly average realized profit—the on-chain gains from sales—is currently holding at around $1.7 billion. Darkfost described this as a very low figure, reaching levels previously seen at the end of past bear markets. He contrasted this with March 2024, when BTC first broke $72,000. At that time, realized profits exceeded $25 billion, about 15 times higher than the current level despite a similar price range. This discrepancy, he explained, is the result of a significant shift in the investor structure as BTC holdings have been reshuffled.