Coinbase said in a report released on Oct. 2 that Bitcoin profit-taking has climbed to its highest level of the year, while signs of market demand have softened. According to the report, holders realized profits on 25,700 BTC in a single day on Sept. 22, the highest one-day reading recorded in 2026 so far. Coinbase also said the unrealized profit ratio for short-term traders rose to 33%, marking its highest level since December 2024. At the same time, the report pointed to weaker demand indicators across both spot and futures markets. Apparent spot demand for BTC fell by 170,000 coins over the past 30 days, while the increase in speculative futures demand dropped sharply from 164,000 BTC on Sept. 14 to 16,000 BTC on Sept. 29. The figures were cited by BlockBeats in a market analysis update.
Coinbase said in a report on Oct. 2 that Bitcoin profit-taking has risen to its highest level of the year, while market demand has cooled.
The report said holders realized profits on 25,700 BTC in a single day on Sept. 22, the highest daily level so far in 2026. It also said the unrealized profit ratio for short-term traders climbed to 33%, the highest reading since December 2024.
Coinbase added that apparent BTC spot demand declined by 170,000 coins over the past 30 days. The increase in speculative futures demand also fell, dropping from 164,000 BTC on Sept. 14 to 16,000 BTC on Sept. 29.
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