Bitcoin has had an interesting run so far in 2025, with exciting upward rallies and enduring deep corrections in the space of a few months. The last upward movement suggests the return of interest and trust in the world’s largest cryptocurrency.
After he has surpassed his earlier all-time high price this week, the Bitcoin prize has printed a new high point of $ 111,814 on Thursday 22 May. A new all-time-high price is often followed by a large correction, because investors are usually inclined to make a profit.
Recent revelation on the chain, however, suggests that this Bitcoin Bull Run is possible here to stay and perhaps for a longer period than expected.
Analyst says that realized profit still has to be registered to signal the market top
In a post of 23 May on social media platform X, crypto analyst in the Darkfost chain unveiled The fact that the net of Bitcoin investors just achieved remain normal for a bull phase. The relevant indicator that supports this statement is the net realized profit/loss size, which measures the net profit or loss (in USD) of all the coins spent on the network for a specific time frame.
This on-chain meter is calculated by finding the difference between the realized profit and the loss of crypto investors realized. Positive values from the metric indicate that coins are spent at a higher price than they were acquired, resulting in a net profit.
On the other hand, negative values indicate that coins are spent on lower prices than they were purchased, resulting in a net loss. Neutral values simply suggest that coins are spent close to their acquisition prize.
According to data on chains shared by Darkfost, the realized profit is currently at a high level of around 104,000 BTC (a rough equivalent of $ 11 billion). The analyst, however, pointed out that although this figure is considerable, it still fails of the threshold level of 350,000 BTC (a level that has signaled historically potential tops and preceded important correction movements of Bitcoin).
Darkfost has derived from the marked data that is currently at a normal level. The analyst noticed the need for taking a profit in a bull market, implicitly preaching against fear among investors.
Darkfost said about taking a profit:
It is what investors keeps on the market and helps to maintain the Bullish Momentum.
Bitcoin -price at a glance
Bitcoin is currently appreciated at around $ 108,360, which reflects a decrease of more than 2% in the last 24 hours.