Since November 12th, the Bitcoin market has entered a period of significant profit-taking, with realized gains averaging around $5 billion per day, the highest in over a month, according to CryptoQuant data. Recording profit levels.
On November 12th, Bitcoin investors recorded a profit of $5.1 billion as their Bitcoin assets traded at nearly $88,000. By November 13, profits had declined slightly to $4.75 billion, but by November 14, they had increased again to $4.8 billion, and Bitcoin prices reached an all-time high of over $93,000.
The move comes after Bitcoin recently rose above $90,000, fueled by market optimism following President Donald Trump's election victory on November 5. Many investors appear to be locking in profits following one of the most impressive rallies in Bitcoin's history.
CryptoQuant’s Output Return on Expenditure Rate (SOPR) data suggests that long-term holders are leading the way in profit-taking. The SOPR index, which measures realized gains among different investor groups, surged on November 13, reaching its highest level since August.
Historically, such trends often signal a potential price peak or the beginning of a consolidation phase.
