Key Insights:
- Bitcoin price remained below $80,000 as the DTMM reading stayed between the accumulation and expansion zones.
- Nearly $1 billion in realized profits was recorded over seven days, with Short Term Holders leading the profit-taking.
- BTC CVD data showed continued retail selling while whales increased their net buying.
Bitcoin price remained below $80,000, with on-chain data indicating a market caught between accumulation and expansion. The DTMM indicator stood at 2.03, while rising realized profits and retail selling added pressure. Meanwhile, whale demand helped keep the market steady for now as traders wait for a shift in BTC price.
Institutional Capital and the Accumulation Limbo
Bitcoin price traded at $78,419 when the Delta Thermo Market Multiple stood at 2.03, placing the market between its Accumulation Zone at 1.5x and Expansion Zone at 2.5x. According to CryptoQuant, the reading pointed to a market that had not entered a strong expansion phase but had also moved beyond the level associated with deeper accumulation.
The position of the indicator was also reflected in other market data. The Short Term Holder realized price was $69,371, giving traders a reference point below the current BTC price. Its MVRV reading of 1.13 indicated that this group was holding gains, but the market was not showing the readings typically associated with broad euphoria.
Funding rates also remained close to neutral at 0.0056. This suggested that traders were not using large amounts of leverage to push the market in one direction.
At the same time, the Coinbase Premium Index was negative on both daily and hourly timeframes. It pointed to weak spot buying pressure from the United States. Together, these signals kept the price of Bitcoin in a holding pattern while larger capital flows remained uncertain.
The figures did not show a clear breakout signal. Instead, they described a market waiting for stronger flows before moving into a new phase.
For institutional capital, the lack of strong United States spot demand remained a key limit. Meanwhile, whale buying offered some support around the current BTC price near current trading levels for now.
Realized Profit Adds Pressure to Bitcoin Price
Bitcoin price was also seeing a rise in realized profits as BTC moved toward the $80,000 level. Data shared by Darkfost showed that weekly average net realized profits had reached a 2026 record, with nearly $1 billion realized over the previous seven days.
Short-term holders were identified as the main group taking profits. Their selling meant that some market participants were locking in gains as the BTC price approached the psychological $80,000 mark. However, sales had not pushed Bitcoin sharply lower because other demand was offsetting the selling.
This balance remained important to Bitcoin price. If demand continues to absorb realized profits, the market can hold its current range. If that demand weakens while profit-taking increases, the pressure on the Bitcoin price could become more visible. The data, therefore, indicated a market that remained supported but remained vulnerable to changes in buyer or seller behavior.
BTC Price CVD Shows Retail Selling as Whales Buy
The BTC CVD indicator provided another view of the market. Data shared by CW showed continued selling from retail investors, represented by the orange group. However, the same analysis indicated that whales were not showing the same selling behavior.
Instead, whales were quietly increasing their net buying, according to the data. There was also no large-scale sell wall identified in the analysis, while whale buying continued. This created a split between smaller investors and larger holders, with retail participants selling while whales added to their positions.
The contrast matters because the market was already sitting between the DTMM accumulation and expansion zones. Bitcoin price had not received enough buying pressure to move the indicator toward 2.5x, but whale demand was helping prevent a wider decline.
For the BTC price, the next move could depend on whether this demand remains strong enough to absorb further realized profits and retail selling.
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