CoinDesk
Bitcoin has rallied 44% this quarter to nearly $85,000, its strongest quarterly performance since late 2024, after three consecutive quarters of losses. Holders have realized $2.4 billion in profits, but that remains below the $7 billion to $10 billion in daily profit-taking recorded at prior market tops, according to Bitfinex.
Why it matters
The scale of profit-taking is only part of the signal. Spot Bitcoin ETFs attracted $2.84 billion in net inflows over six days, more than the profits realized by holders, and have moved to nearly $800 million in net inflows for the year. That suggests ETF demand is absorbing some of the supply investors are bringing to market.
Market impact
Ether is also seeing supportive flows: about 410,000 ETH left exchanges in a month, while U.S. spot Ether ETFs drew $680 million across four sessions. Bitcoin, Ether and other major assets showed no signs of weakness after the reported Bitget hack.
Elsewhere, a pause in the Dollar Index and Treasury yield rallies offered some relief for risk assets, though oil volatility remained elevated amid uncertainty over the Iran war. The contrast to watch is whether ETF demand and exchange outflows continue to offset profit-taking as prices rise.
Frequently asked questions
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How much profit have Bitcoin holders realized during the rally?
Holders have realized $2.4 billion in profits, according to data tracked by Bitfinex.
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How do current Bitcoin profits compare with prior market tops?
Bitfinex said daily realized profits at prior market tops ranged from $7 billion to $10 billion, above the $2.4 billion recently realized.
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How much have spot Bitcoin ETFs attracted?
Spot Bitcoin ETFs registered $2.84 billion in net inflows over six days and nearly $800 million in net inflows for the year.
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What flow signals are supporting Ether?
Around 410,000 ETH left exchanges in a month, while U.S. spot Ether ETFs attracted $680 million across four sessions.
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How did major crypto assets react to the Bitget hack?
Bitcoin, Ether and other major assets showed no signs of weakness in the wake of the reported hack.
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