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Bitcoin holders cash in: more than $5.4B in profits realized in a week
Bitcoin investors have been locking in sizable gains over the past week, with on-chain data indicating roughly $5.46 billion in realized profits as BTC trades just below a major resistance band.
Glassnode figures shared by analyst Ali Martinez on April 25 show repeated bursts of profit-taking in recent sessions, including multiple intraday spikes nearing or above $1 billion. The pattern suggests systematic selling into strength as Bitcoin pushes toward the top of its current range, rather than fear-driven capitulation.
Bitcoin has been trading around $77,000 to $78,000, sitting beneath the widely watched psychological resistance zone between $78,000 and $80,000. The asset is also on track for a fourth straight weekly advance, even as the same ceiling has repeatedly capped upside momentum, leaving the $80,000 level as a key pivot for the next leg.
The profit-taking fits with a broader consolidation phase: instead of sharp selling pressure, the market has shown measured distribution, with advances unfolding in stages as price approaches resistance. The behavior points to a more mature risk-managed backdrop.
Martinez also argues that Bitcoin's recent structure is increasingly shaped by trader behavior rather than fixed technical levels. In prior cycles, a breakout over the previous 123 days preceded an approximate 36% decline, followed by a 75-day consolidation that led to another nearly 39% drop. By contrast, the current 82-day channel signals stabilization, with BTC rebounding toward the upper boundary near $78,000 after finding support in the $58,600 to $70,000 area.
The shifting channels underscore that support and resistance tend to hold only when buyers and sellers remain committed; as liquidity and positioning change, older levels can weaken and new ones emerge.
As of press time, Bitcoin was at $77,636, up about 0.14% over the past 24 hours and roughly 1% on the week. A sustained breakout above $80,000 could set the stage for further gains, with some forecasts calling for a move into the $85,000 to $90,000 range.