CryptoQuant's latest report highlights a significant profit-taking phase, indicating potential for future upward movement in Bitcoin prices as new investors realize gains.
According to CryptoQuant, Bitcoin's realized profits surged to $6–8 billion in late July 2025, marking the third major profit-taking wave of the current bull cycle. This wave was led by new whales selling above $120,000, following similar patterns observed in March and December 2024. Historical data suggests a consolidation phase before the next upward breakout, as the market recalibrates after significant profit realization. The report indicates that while short-term selling has occurred, the potential for further growth remains as traders anticipate the next market push.