CryptoQuant: BTC Hodler Net Position Change remains low, indicating a potential continuation of the bull run

BlockBeats News, October 9th, CryptoQuant stated that despite Bitcoin breaking through $126,000 this week to hit a new all-time high, the market's realized profit-taking level remains relatively low. Over the past 30 days, Bitcoin holders' net realized profit total is 260,000 BTC (approximately $30 billion), a decrease of about 50% from July's 530,000 BTC (or $63 billion), and much lower than the peaks in March and December 2024 (which were $78 billion and $99 billion, respectively).

CryptoQuant indicated that low realized profits suggest that investors are more inclined to continue holding rather than cashing out, implying that "Bitcoin's upward trend may continue, and there is still a long way to go to reach the true top."

CryptoQuant also added that from an annual trend perspective, net realized profits are still rising, and historically, this indicator is closely associated with price momentum strengthening.