Bitcoin experiences near-historic levels of net profit realization 
Quick Take
Analyzing Bitcoin’s net profit/loss, a key metric calculated from the difference between realized gains and losses. Utilizing a seven-day moving average to sift through the noise and pinpoint a more accurate trend, Bitcoin’s net realized profit nearly matched its record high set in January 2021 – a whopping $3.8 billion.
This trend was particularly notable on March 14, when Bitcoin reached its zenith of roughly $73,600, witnessing approximately $3.6 billion in net realized profit.
Interestingly, this cyclical trend of net realized profit-taking has been on the rise. On Feb. 26, CryptoSlate recorded a 128-day net realized profit-taking. Fast forward a month, and the number surged to 157 days, surpassing the 155-day period in 2021.
As of March 24, net realized profit dropped to $1.5 billion, slightly higher than pre-peak figures but less than half of the peak at $3.6 billion. This decline corresponds with Bitcoin’s dip from its peak, an event largely attributed to the record profit-taking.
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Featured Data Partner
