CryptoQuant: Bitcoin Unrealized Profits Hit June 2025 Peak

CryptoQuant says Bitcoin unrealized profits have surged to the highest level since mid-2025, after BTC has held above ~$80k. The data signals rising profit-taking pressure and a potential “bull trap” risk for short-term traders. CryptoQuant’s chart shows unrealized profit climbing sharply over the past 30 days, mirroring the setup seen in June 2025. In that prior cycle, BTC dumped in late 2025 and early 2026, falling to around $60k, then rebounded more than 35% from the local bottom. Unrealized profits—current price minus the average cost basis—can diverge from spot price, creating incentives to sell and later buy again on dips. CryptoQuant warns that when short-term holders’ profits reach roughly +35%, local tops often follow with corrective pullbacks. For the near term, the article expects Bitcoin’s index to cool toward ~$70k rather than a direct move back to multi-year lows below $60k. Some analysts on X talk about a deeper drawdown toward $50k, but the report argues strong accumulation and increasing institutional buying could limit downside. There is also a possibility BTC can rally toward ~$90k before short-term bears act. Bottom line: Bitcoin unrealized profits are elevated, and the market may see selling pressure and volatility, even if a full bearish squeeze is not the base case.