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Bitcoin Market Remains Bullish: Net Realized Profit/Loss Signals End Of Consolidation Phase Is Near

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Bitcoin is currently in consolidation mode, trading below its all-time high (ATH) of $109K, as volatility, uncertainty, and speculation dominate the market. The price has been ranging between ATH and the $90K level, creating fear and hesitation among investors who suspect that the bull cycle top may already be in.

However, on-chain data suggests otherwise. Key metrics from CryptoQuant shared by Axel Adler reveal that the BTC market remains bullish, and the current consolidation phase is not necessarily a sign of weakness. According to Net Realized Profit/Loss [USD] 7DMA, Bitcoin’s consolidation could end when this metric approaches zero or turns negative. Historically, such shifts indicate that most profit-taking has been exhausted, paving the way for renewed upward momentum.

For now, Bitcoin’s ability to maintain support above key levels will determine whether it can break out into new highs or continue consolidating in this range. While some investors remain cautious, others see this as an opportunity to accumulate before the next leg up. As BTC holds below ATH, all eyes are on market signals to determine when the next move will unfold.

Bitcoin Faces Continued Volatility – But Market Remains Bullish

Bitcoin has been on a wild ride since the weekend, experiencing massive price swings that have kept traders on edge. The price plummeted to $91K, then surged above $100K, and now sits around $98K as uncertainty grips the market. Trade war fears have fueled much of this volatility, and analysts predict this trend will persist in the coming weeks.

Despite the turbulence, on-chain data suggests that Bitcoin remains in a bullish phase. Key metrics and an analysis shared by Axel Adler on X reveal the current state of network profitability. Average realized profit currently stands at $911 million, while the net average realized profit, also known as Net Realized Profit/Loss, is at $653 million. Meanwhile, average realized losses total $258 million.

Bitcoin Net Re

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Author: Sebastian Villafuerte

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