Bitcoin (BTC) has once again surged past $105,000, propelled by the easing of geopolitical tensions in the Middle East; however, an even more noteworthy story lies beneath the surface: the market has absorbed a colossal wave of profit taking without collapsing.<\/p>\n
About 720,000 BTC, sold mainly by recent buyers since mid-April, has been met with an equally strong demand, preventing a more resounding crash despite a $66 billion surge in the Realized Cap of coins held for less than one month.<\/p>\n
According to on-chain analyst Axel Adler Jr., the $66 billion increase in Realized Cap for the 0-1 month cohort since April 13 is definitive proof of large-scale profit realization by short-term holders.<\/p>\n
While such aggressive selling pressure would typically trigger significant downside, Adler highlighted a critical counterforce: new buyers entering the market have been steadily absorbing this massive supply.<\/p>\n
In his opinion<\/a>, this offsetting has kept Bitcoin trading within a relatively narrow range in the last few weeks.<\/p>\n However, his UTXO Block Profit\/Loss Count Ratio Model indicates the profit-taking frenzy may have subsided, dropping from an extreme 34,000 points near BTC\u2019s all-time high in May to just 216 points today.<\/p>\n \u201cProfitable sales have almost disappeared,\u201d noted<\/a> Adler, while the proportion of loss-realizing transactions has increased. The likeliest explanation is that the wave of eager sellers has largely passed, replaced by buyers accumulating at lower levels, reducing the immediate risk of a sharp crash.<\/p>\n Meanwhile, the global markets are experiencing a sense of relief thanks to an unexpected ceasefire<\/a> between Israel and Iran. U.S. President Donald Trump confirmed a \u201cComplete and Total\u201d cessation of hostilities, quelling fears of a deeper conflict.<\/p>\n Following that, investors like Daan Crypto Trades and Micha\u00ebl van de Poppe echoed cautious optimism on X, pointing out that reduced geopolitical risk could ease headline-driven volatility and help Bitcoin regain upward momentum.<\/p>\n Indeed, BTC has staged a noticeable recovery since dipping<\/a> below the symbolic $100,000 mark after the U.S. unleashed airstrikes against several Iranian nuclear installations last week. As of this writing, the king cryptocurrency had climbed 3.8% in the last 24 hours to hover around $105,400 after going as high as $105,927 during the Asian trading session.<\/p>\n On a weekly scale, it remains slightly underwater, down about 1.1%, which is a modest underperformance compared to the broader crypto market\u2019s 0.4% gain over the same period.<\/p>\n The asset also experienced a slight 1.7% dip over the last 30 days, reflecting recent liquidation cascades and historical Q3 headwinds. As analyst Benjamin Cowen previously highlighted<\/a>, Bitcoin often struggles through the summer months. Past bull cycles saw steep drops of 25\u201335% between June and July before roaring back in late Q4.<\/p>\n The post Shocking Amount of BTC Absorbed by Buyers During Recent Market Turmoil<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) has once again surged past $105,000, propelled by the easing of geopolitical tensions in the Middle East; however, an even more noteworthy story lies beneath the surface: the market has absorbed a colossal wave of profit taking without collapsing. About 720,000 BTC, sold mainly by recent buyers since mid-April, has been met with […]<\/p>\n","protected":false},"author":0,"featured_media":75771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75770"}],"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=75770"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75770\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75771"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}What\u2019s Next for Bitcoin?<\/h2>\n