Bitcoin Trades Near $113K Amid Elevated Realized Profits and Potential Consolidation Phase

Key Points

1. Bitcoin's price dipped 2.09% but remains above $113,000, with realized profits reaching $8 billion during the April 2025 rally.

2. Realized losses increased in Q1 2025, reflecting exits from late-stage rally participants.

3. Bitcoin's value increased over fivefold between August 2023 and July 2025, reaching nearly $120,000 before retracing to around $113,000.

4. Technical indicators suggest a consolidation phase, with Bitcoin trading sideways between $113,000 and $114,500.

5. Realized profits and losses impact market dynamics, with profit-taking causing short-term pullbacks and realized losses reflecting weaker hands exiting.