Bitcoin broke past a major psychological barrier for the first time since January on Sunday, triggering a wave of profit-taking. Net realized profits jumped sharply as traders locked in gains, yet the price held above the level through Tuesday. The resilience signals strong underlying demand absorbing the sell pressure.
Profit Surge Signals
Sunday brought the sharpest rise in net realized profits this month. The metric typically flags heightened selling risk when it spikes. Traders moved quickly to secure gains as the price breached the key threshold. This wasn't a random fluctuation—the volume of realized profits showed serious conviction in taking profits.
Market Holding Firm
Despite the surge in selling activity, the price refused to crack. It stayed above the barrier for three full days through Tuesday. Heavy offloading happened during the price run-up, but buyers consistently stepped in. This isn't the first time the level triggered profit-taking, but it's the first sustained hold since early 2026.
Wednesday Test Looms
Wednesday trading will show whether the new price footing holds. The market's next move depends on whether buyers can maintain this pace. Traders are watching for signs of fatigue or fresh momentum as the day progresses.
