Bitcoin daily realized profit hits $1B, second-highest level this year

Bitcoin holders posted about $1.03 billion in daily realized profit, the second-highest level this year and close to the annual peak of $1.04 billion, according to on-chain analytics firm Santiment. The jump came after BTC recently broke above $87,000, driving a sharp increase in profit-taking. Santiment said large-scale profit-taking often appears during short- and mid-term market correction phases and can increase selling pressure, but it does not necessarily signal a trend reversal.