{"id":655197,"date":"2024-11-27T23:30:47","date_gmt":"2024-11-27T23:30:47","guid":{"rendered":"https:\/\/wncen.com\/?p=655197"},"modified":"2024-11-27T16:07:01","modified_gmt":"2024-11-27T16:07:01","slug":"binance-data-reveals-bitcoin-profit-trends-is-the-bull-run","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/binance-data-reveals-bitcoin-profit-trends-is-the-bull-run\/","title":{"rendered":"Binance Data Reveals Bitcoin Profit Trends: Is the Bull Run Far From Over?"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Before its recent price correction, Bitcoin came <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-rally-pauses-before-100k-heres-what-could-happen-next\/\" target=\"_blank\" rel=\"noopener \">close to hitting the six-digit milestone<\/a>, achieving an all-time high of $99,645\u2014a near 170% year-to-date increase.<\/p>\n<p>This notable price performance, followed by the recent price dip, has sparked discussions about the state of the market, particularly the profit-taking behaviour observed among investors.<\/p>\n<p data-pm-slice=\"1 1 []\">An <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/67461dc1f175a34370442c69-Binance-Users-Taking-Profits-on-their-Bitcoins\" target=\"_blank\" rel=\"noopener nofollow\">analysis<\/a> by a CryptoQuant analyst known as Darkfost sheds light on these dynamics, focusing on realized profits and investor behaviour linked to Binance, one of the largest cryptocurrency exchanges globally.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-dip-triggers-alert-on-nvt-golden-cross-heres-what-to-watch-for\/\" target=\"_blank\" rel=\"noopener \">Bitcoin\u2019s Price Dip Triggers Alert On NVT Golden Cross\u2014Here\u2019s What To Watch For<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">Are Investors Actively Taking Profits Now?<\/h2>\n<p data-pm-slice=\"1 1 []\">According to Darkfost, tracking the profits realized by investors transferring Bitcoin to Binance can provide &#8220;valuable insights into the broader market sentiment and behaviour, especially considering Binance consistently handles higher volumes than any other exchange.&#8221;<\/p>\n<p data-pm-slice=\"1 1 []\">He notes that following Bitcoin&#8217;s breakthrough to a new high, there has been a noticeable increase in realized profits among the Binance cohort.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/563193\/quicktake\/sHZz9T_b508b78a63987104cfd66db0ef58534aef48d0892c09d62300abc4e505d3a4ad.png?resize=1280%2C720&#038;ssl=1\" alt=\"Profit-taking metric from Binance user deposit address. \" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Profit-taking metric from Binance user deposit address. | Source: CryptoQuant<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">This trend reflects a significant level of investor engagement, where users are capitalizing on the price surge to secure gains. However, Darkfost emphasizes that the scale and pace of profit-taking\u2014whether aggressive or steady\u2014could help determine the trajectory the <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-price-dip-triggers-alert-on-nvt-golden-cross-heres-what-to-watch-for\/\" target=\"_blank\" rel=\"noopener \">market is headed to next<\/a>.<\/p>\n<p data-pm-slice=\"1 1 []\">The analyst highlights that profit-taking activity on Binance has recently subsided after an initial surge. This pause in selling behaviour may suggest growing confidence among investors in Bitcoin\u2019s potential for further gains.<\/p>\n<p data-pm-slice=\"1 1 []\">However, Darkfost stresses the importance of <a href=\"https:\/\/wncen.com\/news\/from-bitcoin-to-altcoins-crypto-inflows-hit-record-3-1-billion-led-by-spot-etfs\/\" target=\"_blank\" rel=\"noopener \">monitoring these metrics<\/a>, particularly the realized profits exceeding $10 million. Significant profit-taking could indicate a cooling-off period or even a reversal in an upward trend, while a steady approach may reinforce the strength of the <a href=\"https:\/\/wncen.com\/bitcoin-news\/the-current-correction-in-bitcoin-is-the-last-before-a-major-rally-heres-why\/\">ongoing rally.<\/a><\/p>\n<h2 data-pm-slice=\"1 1 []\">Bitcoin Sees Rebound<\/h2>\n<p>After recording a notable correction following its latest achieved all-time high, Bitcoin is finally now seeing a <a href=\"https:\/\/wncen.com\/news\/ethereum\/deribit-moves-783m-in-ethereum-to-cold-storage-a-bullish-signal-for-eth\/\" target=\"_blank\" rel=\"noopener \">noticeable rebound<\/a> in its price. Over the past few days, since the week started, Bitcoin has experienced consistent dip which dropped its price to as low as $90,000 levels yesterday for the first time in recent weeks.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/the-current-correction-in-bitcoin-is-the-last-before-a-major-rally-heres-why\/\" target=\"_blank\" rel=\"noopener \">The Current Correction In Bitcoin Is The Last Before A Major Rally\u2014Here\u2019s Why<\/a><\/div>\n<p>However, so far, the asset is now gradually regaining its recently shedded gains. At the time of writing, Bitcoin has surged by 2.3% in the past 24 hours with a current trading price of $94,656 which bring BTC&#8217;s price to a mere 5.1% decrease away from its all-time high.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/oMEWqKcV\/\" alt=\" Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1556\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 1-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=OANDA%3AAUDJPY\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p>Along with its price, BTC&#8217;s market cap valuation has also seen a surge. Over the past day alone nearly $80 billion has been added to the crypto&#8217;s market cap which rose from $1.8 trillion on November 26 to $74 trillion as of today.<\/p>\n<p>Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Before its recent price correction, Bitcoin came close to hitting the six-digit milestone, achieving an all-time high of $99,645\u2014a near 170% year-to-date increase. This notable price performance, followed by the recent price dip, has sparked discussions about the state of the market, particularly the profit-taking behaviour observed among investors. An analysis by a CryptoQuant analyst known as Darkfost sheds light on these dynamics, focusing on realized profits and investor behaviour linked to Binance, one of the largest cryptocurrency exchanges globally. Related Reading: Bitcoin\u2019s Price Dip Triggers Alert On NVT Golden Cross\u2014Here\u2019s What To Watch For Are Investors Actively Taking Profits Now? According to Darkfost, tracking the profits realized by investors transferring Bitcoin to Binance can provide &#8220;valuable insights into the broader market sentiment and behaviour, especially considering Binance consistently handles higher volumes than any other exchange.&#8221; He notes that following Bitcoin&#8217;s breakthrough to a new high, there has been a noticeable increase in realized profits among the Binance cohort. This trend reflects a significant level of investor engagement, where users are capitalizing on the price surge to secure gains. However, Darkfost emphasizes that the scale and pace of profit-taking\u2014whether aggressive or steady\u2014could help determine the trajectory the market is headed to next. The analyst highlights that profit-taking activity on Binance has recently subsided after an initial surge. This pause in selling behaviour may suggest growing confidence among investors in Bitcoin\u2019s potential for further gains. However, Darkfost stresses the importance of monitoring these metrics, particularly the realized profits exceeding $10 million. Significant profit-taking could indicate a cooling-off period or even a reversal in an upward trend, while a steady approach may reinforce the strength of the ongoing rally. Bitcoin Sees Rebound After recording a notable correction following its latest achieved all-time high, Bitcoin is finally now seeing a noticeable rebound in its price. Over the past few days, since the week started, Bitcoin has experienced consistent dip which dropped its price to as low as $90,000 levels yesterday for the first time in recent weeks. Related Reading: The Current Correction In Bitcoin Is The Last Before A Major Rally\u2014Here\u2019s Why However, so far, the asset is now gradually regaining its recently shedded gains. At the time of writing, Bitcoin has surged by 2.3% in the past 24 hours with a current trading price of $94,656 which bring BTC&#8217;s price to a mere 5.1% decrease away from its all-time high. Along with its price, BTC&#8217;s market cap valuation has also seen a surge. Over the past day alone nearly $80 billion has been added to the crypto&#8217;s market cap which rose from $1.8 trillion on November 26 to $74 trillion as of today. Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":655209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[10768,428,1119,78790,6664,10923,83531],"class_list":["post-655197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-binance","tag-bitcoin","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\n<title>Binance Data Reveals Bitcoin Profit Trends: Is the Bull Run Far From Over?<\/title>\n<meta name=\"description\" content=\"Before its recent price correction, Bitcoin came close to hitting the six-digit milestone, achieving an all-time high of...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. 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Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Binance Data Reveals Bitcoin Profit Trends: Is the Bull Run Far From Over?","description":"Before its recent price correction, Bitcoin came close to hitting the six-digit milestone, achieving an all-time high of...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/binance-data-reveals-bitcoin-profit-trends-is-the-bull-run\/","og_locale":"en_US","og_type":"article","og_title":"Binance Data Reveals Bitcoin Profit Trends: Is the Bull Run Far From Over?","og_description":"Before its recent price correction, Bitcoin came close to hitting the six-digit milestone, achieving an all-time high 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Binance Data Reveals Bitcoin Profit Trends: Is the Bull Run Far From Over?","url":"http:\/\/wncen.com\/bitcoin-news\/binance-data-reveals-bitcoin-profit-trends-is-the-bull-run\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/binance-data-reveals-bitcoin-profit-trends-is-the-bull-run\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-27-16.40.52-A-dynamic-and-visually-engaging-digital-illustration-showcasing-the-analysis-of-Bitcoin-profit-trends-based-on-Binance-data.-The-image-includes-Bitcoi.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-27-16.40.52-A-dynamic-and-visually-engaging-digital-illustration-showcasing-the-analysis-of-Bitcoin-profit-trends-based-on-Binance-data.-The-image-includes-Bitcoi.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["binance","bitcoin","btc","btcusdt","crypto","crypto market","cryptoquant"],"dateCreated":"2024-11-27T23:30:47Z","datePublished":"2024-11-27T23:30:47Z","dateModified":"2024-11-27T23:30:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Binance Data Reveals Bitcoin Profit Trends: Is the Bull Run Far From Over?\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/binance-data-reveals-bitcoin-profit-trends-is-the-bull-run\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/binance-data-reveals-bitcoin-profit-trends-is-the-bull-run\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/DALL\\u00b7E-2024-11-27-16.40.52-A-dynamic-and-visually-engaging-digital-illustration-showcasing-the-analysis-of-Bitcoin-profit-trends-based-on-Binance-data.-The-image-includes-Bitcoi.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/DALL\\u00b7E-2024-11-27-16.40.52-A-dynamic-and-visually-engaging-digital-illustration-showcasing-the-analysis-of-Bitcoin-profit-trends-based-on-Binance-data.-The-image-includes-Bitcoi.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"binance\",\"bitcoin\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"dateCreated\":\"2024-11-27T23:30:47Z\",\"datePublished\":\"2024-11-27T23:30:47Z\",\"dateModified\":\"2024-11-27T23:30:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-27-16.40.52-A-dynamic-and-visually-engaging-digital-illustration-showcasing-the-analysis-of-Bitcoin-profit-trends-based-on-Binance-data.-The-image-includes-Bitcoi.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/655197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=655197"}],"version-history":[{"count":1,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/655197\/revisions"}],"predecessor-version":[{"id":655223,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/655197\/revisions\/655223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/655209"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=655197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=655197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=655197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}