TREE NEWS reports: Bitcoin holders realized about $1.03 billion in on-chain profit on Oct. 8, the second-highest single-day figure of 2026, after BTC climbed to roughly $87,000 and then fell back to about $81,000. Roughly $520 million of long positions were liquidated that week and US spot bitcoin ETFs saw net outflows above $702 million. SOPR stayed above 1, indicating coins moved at a profit on average.
Bitcoin Realized Profit Hits $1.03B in a Day, Second-Highest of 2026
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AI take
The combination of heavy realized profit-taking and ETF outflows suggests distribution rather than accumulation, even as SOPR staying above 1 confirms the broader market remains in profit. That divergence matters: it points to holders locking in gains into strength rather than defending the move. Whether the ETF outflows persist alongside further profit realization is the open question for gauging if this is routine rotation or the start of a deeper de-risking phase.
Generated by AI for reference only.
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