PANews reported on April 16th, citing The Block, that CryptoQuant’s Head of Research, Julio Moreno, stated that Bitcoin’s recent rally faces increasing profit-taking risks, with multiple on-chain indicators showing rising selling pressure. Bitcoin surpassed $76,000 on Tuesday, hitting its highest level since early February, but has since retreated to around $74,800 and is testing the trader on-chain realized price of $76,800—historically a bear market resistance level that has repeatedly suppressed rebounds in the past.
As prices rose, the hourly inflow of Bitcoin to exchanges climbed to approximately 11,000 coins, the highest since late December 2025, primarily driven by large holder transfers, with the average deposit amount per transaction rising to 2.25 Bitcoin, the highest since July 2024. The proportion of large holder deposits surged from below 10% to over 40% within days; historically, a ratio exceeding 40% often accompanies short-term selling pressure. The current daily realized profit total is about $500 million, below the historical significant profit-taking threshold of $1 billion. Moreno warned that if Bitcoin continues above $76,000 or advances toward $76,800, realized profits could accelerate to over $1 billion, increasing the likelihood of a stalled or reversed rally.
