Bitcoin logs $1.03 billion in one-day realized profits after breaking above $87,000
AI Market Summary
Bitcoin saw $1.03B in one-day realized profits after breaking above $87K, signaling heavy profit-taking and elevated near-term sell pressure. A $1.01B transfer of 12,267 BTC from a US government-linked wallet heightened fears of additional supply despite no confirmed sale. Demand also weakened as US spot BTC ETFs logged roughly $410M net outflows in October with holdings down over 40K BTC.
Impact level
● High
Affected assets
BTC/USDT+1.18%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Bitcoin saw $1.03 billion in profits realized in a single day after climbing above $87,000, marking the second-highest daily level recorded in 2026. The price then slid to around $80,300 before rebounding, but it remained below $82,700. On October 8, 12,267 BTC worth about $1.01 billion moved from a US government-linked wallet, adding to concerns about additional selling. US-listed spot Bitcoin ETFs have also turned negative in October, with nearly $410 million in net outflows so far and holdings down by more than 40,000 BTC, signaling softer demand.
