Bitcoin Profit-Taking Hits Yearly High: CryptoQuant Names First Support Level

CryptoQuant said the rally is showing signs of losing steam as Bitcoin profit-taking reaches its highest level of the year and demand weakens, pointing to $80,000 as the first support level.

The on-chain data platform’s September 29 assessment came as investors were realizing growing profits. The platform said the bull market was still underway, but the rally was showing signs of weakening.

The unrealized profit margin on Bitcoin held for one to three months reached about 33%. The accompanying chart marked this as the highest level since December 2024. The growing unrealized profits among this group of investors stand out as profit-taking behavior is being watched.

Net realized profit peaked on September 22

The other chart shows that net realized profit rose to 25.7K BTC on September 22. This was recorded as the highest daily net realized profit of 2026.

The indicator expresses in BTC the net result of profits and losses realized on Bitcoin moved on-chain. Alongside the 33% unrealized profit margin on held assets, it also highlights the increase in profits investors have actually realized.

$80,000 watched as Bitcoin’s first support level

CryptoQuant’s warning highlights not only profit-taking but also weakening demand. The platform views these two developments as signs that the rally is losing strength and identifies $80,000 as the first support level to watch.

The assessment does not say the bull market is over; rather, it emphasizes that the ongoing rally has become more vulnerable. As a result, the $80,000 level stands out as the first threshold the platform is monitoring in the event of a potential pullback.