Bitcoin Holders Realize 14,600 BTC in Daily Profits on May 4, Highest Since December 2025

According to CryptoQuant, Bitcoin holders realized 14,600 BTC in daily profits on May 4, the highest level since December 10, 2025, indicating increased profit-taking amid a bear market rally. CryptoQuant’s head of research, Julio Moreno, noted that the Short-Term Holder Spent Output Profit Ratio (STH-SOPR) rose to 1.016 and has remained above 1.00 since mid-April, suggesting Bitcoin has been in “clear profit-taking territory continuously since mid-April.” On a 30-day rolling basis, Bitcoin holders are realizing +20,000 BTC in net profits, the first positive reading since December 22, 2025. However, Moreno classified the current rally as a bear market rally rather than a structural regime change, noting that current net profit levels remain far below the 130,000 BTC to 200,000 BTC range historically associated with confirmed bull market transitions. Bitcoin is currently trading around $80,180.