The price of the first cryptocurrency exceeded the $117,000 mark, after which more than 95% of bitcoins in circulation became profitable. This is evidenced by the data of the analytical platform Glassnode.
According to analysts, this situation is characteristic of phases of euphoria in the market. According to them, during this period, traders massively fix profits, which often leads to increased volatility and risks.
CryptoQuant expert under the pseudonym Maartunn reported that 32,322 BTC (about $3.93 billion) were withdrawn from wallets that remained inactive for three to five years. This is the largest movement of this type in 2025, he said.
Also on October 7, 2025, a whale with over $10 billion in bitcoin reserves transferred 3,000 BTC to the Hyperunit platform, sparking intense discussion in the crypto community about the potential start of a new phase of Ethereum accumulation.
Earlier, QCP Capital said that bitcoin is rising as a protective asset amid the U.S. government shutdown. At the time of writing the first cryptocurrency is trading near the $123,000 mark:
