Bitcoin (BTC) has experienced a more than 7% drop, slipping below $115,000 from its recent peak of over $124,000, as traders locked in over $3.5 billion in realized profits over the weekend, as per Glassnode data.
Profit-taking on Saturday alone amounted to $3.3 billion, marking the highest single-day figure since mid-July and one of the largest in 2025.
Throughout this year, profit realization has been a near-daily occurrence, with only about 10 trading sessions ending in net losses. This trend mirrors BTC’s steady ascent from $90,000 at the beginning of 2025.
Following a low of $76,000 in April, profit-taking has picked up pace, especially after breaching the $100,000 mark, which reignited selling pressure.
This recent decline comes on the heels of bitcoin reaching its all-time high of $124,000 earlier in August. Notably, each correction from the year’s peak has been diminishing, indicating increased market resilience as it evolves: the drawdown in January was 30%, May’s was 12%, July’s was 9%, and the current pullback in August stands at 8%.
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