Bitcoin profit-taking may 'accelerate' as price hits 3-month high: Analyst
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- STH‑SOPR rose above 1, a level that signals clear profit‑taking territory for short‑term BTC holders.
- Bitcoin holders realized net profits of over 20,000 BTC on a 30‑day rolling basis, the first positive reading since 22 December 2025.
- Analyst Moreno noted that such profit spikes in bear markets usually precede local price tops or sideways action, while demand remains weak.
- Bitcoin ETFs recorded $1 billion of inflows this week before a $268.5 million outflow on Friday, according to Farside data.
- Michael Terpin forecast a potential bottom near $57,000 in October 2026 and said a $100,000 price in 2026 is unlikely.
Why it matters: Short‑term traders lock in >20k BTC gains, while weak demand hints at price stagnation; ETF inflows keep institutional exposure high, but analysts warn a possible price ceiling.
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