Bitcoin has recently experienced its fifth most significant profit-taking event of 2025. Data from the on-chain analytics service CryptoQuant indicates that following a robust increase in Bitcoin’s value, profit-taking exceeded $3.7 billion yesterday, marking the fifth-largest volume this year.
On Wednesday, Bitcoin surged dramatically while other risk assets declined due to U.S. lawmakers’ inability to finalize a government funding deal, resulting in a shutdown.
The leading cryptocurrency exhibited notable volatility during Wednesday’s trading session, peaking at $118,718 within an impressive single daily candlestick movement that caught short sellers off guard. Similarly, at one point on Wednesday, Bitcoin dipped to $113,975 as traders cashed in their profits.
Nevertheless, bullish sentiment swiftly regained control as Bitcoin continued its upward trajectory. The recovery persisted into early Thursday with Bitcoin hitting a peak of $119,863.
Currently holding steady gains at press time; Bitcoin is up by 1.96% over the past 24 hours reaching $119,588 and showing an increase of 7.2% for the week.
This year alone has seen more than a 25% rise in Bitcoin’s value as Wall Street firms increasingly adopt it and global investors start considering it not just for quick trades but also as part of reputable portfolio allocations.
Future Outlook
The recent wave of profit-taking could have consequences according to CryptoQuant analysis. Although such high levels might influence spot selling pressure slightly;, they do not yet indicate dominance by short-term investors significantly;
Fifth-Largest Profit-Taking Event Of The Year
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@cryptoquant_com)October2nd2025