Coinbase analyzed that the scale of BTC profit-taking increased to its highest level this year, while spot and futures demand slowed. According to a post on X by Coinbase Markets, coin holders realized profits amounting to 25,700 BTC on September 22 (local time), the highest daily figure this year. Short-term traders' unrealized profit margin also hit 33%, the highest since December 2024. In contrast, the apparent spot demand for BTC decreased by 170,000 BTC over the past 30 days, and the increase in speculative futures demand dropped from 164,000 BTC on September 14 to 16,000 BTC on September 29.
