While bitcoin (BTC) has continued to rise in what analysts have called a bear market rally, traders and investors have increased their profit-taking. Daily realized profits have risen to levels not seen since early December 2025, while unrealized profits hover near levels historically associated with intensified distribution. According to a CryptoQuant report, BTC has surged 37% since the beginning of April. The rally has been driven by a combination of easing macro pressures, prior undervaluation, and a sharp increase in perpetual futures demand. Amid the rally, the leading digital asset has reached a peak not seen in the last three months.
