Bitcoin Falls Over 7% to Below $115,000 as Traders Take Profits
Bitcoin (BTC) has declined over 7%, dropping below $115,000 from an all-time high of over $124,000. Traders realized profits exceeding $3.5 billion over the weekend, as reported by Glassnode.
- Saturday recorded $3.3 billion in profit-taking, the highest since mid-July and among the largest in 2025.
- Profit realization has been frequent this year, with only about 10 sessions showing net losses.
- BTC started 2025 at $90,000 and reached a low of $76,000 in April, with increased selling pressure after hitting $100,000.
- Each correction this year has been smaller: January's drawdown was 30%, May's 12%, July's 9%, and August's 8%.