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Bitcoin holders are currently sitting on the highest unrealized profit levels since mid 2025, CryptoQuant’s analysis shows. The move may put a shadow on further bullish aspirations, as a section of analysts had already been predicting that this was a bull trap. As Bitcoin continues to enjoy its relatively long stint above the $80k price level, there are growing indicators that the cryptocurrency could face selling pressure once again.
CryptoQuant tweeted:
Based on the graph, the premier cryptocurrency’s unrealized profit has risen sharply over the last 30 days. So much so that it mirrors the situation in June 2025, when the cryptocurrency was in the middle of a major bull market. The way it happened was that the cryptocurrency dumped hard in the last quarter of 2025 and the first quarter of 2026, going as low as $60k in the process.
Rising Unrealized Profits May Incentivize Short-term Players to Sell
The major dip allowed smart buyers to accumulate the digital asset at reasonable prices, and it is now up more than 35% from the local bottom around $60k. Unrealized profits are the difference between the current market price and the average acquisition cost of coins. When profits start to diverge significantly from the latest price levels, it creates an incentive to sell in the short term and buy again once the price dips again. The situation often creates a sell-off risk, CryptoQuant warns.
Historically, short-term holders have often capitulated, and profits have reached +35% levels, as we are seeing right now. Local tops, like the recent activity, have often been followed by corrective dips.
 
The Future
While the cryptocurrency could experience some short-term selling, there is no clear indication that it would undergo a major price squeeze that could take it towards new multi-year lows below $60k. Instead, the index may cool off towards the $70k level in the near future before making the next move.
Some analysts are flooding X with tweets about another major market downturn that could take it as low as $50k, and even lower. Considering the volatile first 4 months of 2026, it is still a possibility, but increasing institutional buying and strong accumulation statistics may provide a reliable cushion this time around.
There is also the possibility that Bitcoin may make a jump towards the $90k price level before short-term bears can pounce on the opportunity. However, a resumption of the long-term bull market is less likely right now.