Bitcoin has risen 44% this quarter to nearly $85,000, and some holders have started taking profits, according to Bitfinex data cited by CoinDesk. Even so, the scale of realized gains remains far below levels typically seen at prior market tops. Bitfinex said BTC holders have recently realized about $2.4 billion in cumulative profits, versus the $7 billion to $10 billion in single-day realized profits often recorded during historical peak periods. At the same time, U.S. spot Bitcoin ETFs posted $2.84 billion in net inflows over the past six trading days, exceeding the profits realized by holders over the same period. Year-to-date net inflows have also approached $800 million. Bitfinex added that roughly 410,000 ETH left exchanges over the past month, while U.S. spot Ether ETFs attracted a combined $680 million over four straight trading days, pointing to continued capital support in the market.
Bitcoin has climbed 44% this quarter to nearly $85,000, and some holders have begun taking profits, according to Bitfinex data cited by CoinDesk.
Bitfinex said BTC holders have recently realized about $2.4 billion in cumulative profits. That is still well below levels seen during historical market tops, when single-day realized profits typically reached $7 billion to $10 billion.
Spot Bitcoin ETF inflows outpaced recent realized profits
U.S. spot Bitcoin ETFs recorded $2.84 billion in net inflows over the past six trading days, more than the profits realized by holders over the same period. Since the start of this year, cumulative net inflows have also come close to $800 million.
ETH exchange outflows and ETF demand continued
Bitfinex also said about 410,000 ETH left exchanges over the past month. Meanwhile, U.S. spot Ether ETFs pulled in a combined $680 million over four consecutive trading days, a sign that the market has continued to see relatively strong capital support in recent trading.
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