Bitcoin Sees Second-Biggest Profit-Taking Day of 2026 After Climbing Past $87K

$1.03 billion in realized profits is a "clear sign" that Bitcoin's recent rally is being tested, Santiment stated in its latest findings. Bitcoin holders have taken profits worth $1.03 billion in a single day, in what appears to be the second-highest realized profit recorded in 2026. According to Santiment, the figure came close to this year’s peak of $1.04 billion, following Bitcoin’s recent climb above $87,000. Profit-Taking Surges The spike suggests many investors are cashing in on recent gains. Santiment’s network realized profit and loss metric tracks the gains or losses investors lock in when Bitcoin moves on-chain. A sharp rise in realized profits can point to increased selling activity across the market. Such spikes often appear before short- to medium-term market cooling periods. Heavy profit-taking can add pressure on prices, while a further decline may push more traders and leveraged positions to exit. But it is important to note that the latest reading does not confirm a major reversal. The large profit-taking wave suggests Bitcoin’s recent rally is facing a fresh test. The September rally has lost steam. Bitcoin’s price briefly plunged near $80,300 on Friday. It has si...