Coinbase Markets said in a post on X that Bitcoin profit-taking has climbed to its highest level of the year while demand has started to cool. The firm pointed to data showing that holders realized profits on 25,700 BTC on Sept. 22, the highest single-day level recorded in 2026. At the same time, unrealized profit margins for short-term traders reached 33%, the highest reading since December 2024. Coinbase Markets also said spot demand contracted sharply over the past 30 days, falling by 170,000 BTC. In derivatives, growth in speculative futures demand slowed as well, dropping from 164,000 BTC on Sept. 14 to 16,000 BTC on Sept. 29. The figures suggest weaker spot accumulation and a sharp deceleration in futures positioning during the period covered by the data.
Coinbase Markets said in a post on X that Bitcoin profit-taking has hit a yearly high, while demand has cooled off.
By the data it pointed to, holders realized profits on 25,700 BTC on Sept. 22, the highest single-day reading of 2026. Short-term traders’ unrealized profit margins also climbed to 33%, the highest since December 2024.
At the same time, spot demand shrank by 170,000 BTC over the last 30 days. And growth in speculative futures demand slowed hard, dropping from 164,000 BTC on Sept. 14 to 16,000 BTC on Sept. 29.
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