The Bitcoin market saw a massive $3.1 billion in realized profits during the March 2024 price peak. As the market absorbed this surge of profit-taking over the following 7 months, both realized profits and losses settled towards a more balanced state.

This indicates a resetting of the underlying supply and demand dynamics in the market.

However, signs are now emerging that profit-taking is starting to increase again. This could signal a new wave of demand entering the Bitcoin market, as investors look to capitalize on the recent price appreciation.