Bitcoin holders have taken profits worth $1.03 billion in a single day, in what appears to be the second-highest realized profit recorded in 2026.<\/p>\n
According to Santiment, the figure came close to this year\u2019s peak of $1.04 billion, following Bitcoin\u2019s recent climb above $87,000.<\/p>\n
The spike suggests many investors are cashing in on recent gains. Santiment\u2019s network realized profit and loss metric tracks the gains or losses investors lock in when Bitcoin moves on-chain. A sharp rise in realized profits can point to<\/a> increased selling activity across the market.<\/p>\n Such spikes often appear before short- to medium-term market cooling periods. Heavy profit-taking can add pressure on prices, while a further decline may push more traders and leveraged positions to exit. But it is important to note that the latest reading does not confirm a major reversal. The\u00a0large profit-taking wave suggests Bitcoin\u2019s recent rally is facing a fresh test.<\/p>\n The September rally has lost steam. Bitcoin\u2019s price briefly plunged<\/a> near $80,300 on Friday. It has since recovered but continued to trade below $82,700. But the transfer of 12,267 BTC from a US government-linked wallet, worth around $1.01 billion, on October 8 further raised<\/a> concerns about more selling. The stash was seized from the 2016 Bitfinex hacker and moved to unidentified addresses. However, there is no confirmation that the government sold any coins.<\/p>\n On the institutional side of things, US-listed BTC spot ETF flows tumbled<\/a> as well. These products pulled in around $2.65 billion in net inflows last month, but the trend has reversed in October, and nearly $410 million has flowed out so far. The outflows have especially picked up pace over the past two days. Wednesday saw a significant $487 million leave the market, followed by another $244 million on Thursday.<\/p>\n Despite the short-term turbulence, BTC reserves on Binance have continued to drop. Data shows the exchange\u2019s Bitcoin holdings fell from 705,520 on September 21 to 664,831 on October 9. That\u2019s a decline of 40,689 BTC, or 5.77%, in just 18 days. Lower exchange reserves can mean fewer coins are readily available for trading, potentially easing selling pressure if the trend continues.<\/p>\n Meanwhile, Daan Crypto Trades believes<\/a> that the crypto asset has flushed out a good chunk of leveraged positions. The trader has now identified $83,000 as a crucial level to watch. A move back above it could bring the mid-range and recent highs back into play, with plenty of liquidity still sitting above $87,000. But if it fails to break through $83,000, bears could stay in control.<\/p>\n The post Bitcoin Sees Second-Biggest Profit-Taking Day of 2026 After Climbing Past $87K<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin holders have taken profits worth $1.03 billion in a single day, in what appears to be the second-highest realized profit recorded in 2026. According to Santiment, the figure came close to this year\u2019s peak of $1.04 billion, following Bitcoin\u2019s recent climb above $87,000. Profit-Taking Surges The spike suggests many investors are cashing in on […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-237707","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/237707"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=237707"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/237707\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=237707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=237707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=237707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Breathing Room?<\/h2>\n