Bitcoin News Today: Bitcoin Holds Above $113,000 Amid $8 Billion Realized Profits and Consolidation Phase

Bitcoin trades above $113,000 following a 2.09% dip, with realized profits reaching $8 billion during April’s rally past $100,000, suggesting a consolidation phase rather than a reversal [1]. The price has remained resilient despite recent profit-taking, with analysts noting that the current pullback is a natural part of the broader bullish trend [2]. The $113,000 level now acts as a minor support zone, while resistance is seen near $114,000 and $115,000 [3].

Realized profits have surged to record levels, particularly during Bitcoin’s major breakouts in March and April 2024, when it reached $70,000, and again in April 2025 as it surpassed $100,000 [1]. This has prompted significant profit-taking, with traders locking in gains as prices test key resistance levels [4]. COINOTAG analysts suggest that the recent price dip is a healthy consolidation, not a bearish reversal [5].

Technical and on-chain indicators support this view. Data from CoinMarketCap shows a 25.16% decline in 24-hour trading volume, with the volume-to-market-cap ratio at 2.86%, signaling stable trading conditions despite reduced activity [1]. Short-term price action has moved sideways between $113,000 and $114,500, with no signs of irrational selling. A breakout above $120,000 with minimal profit-taking could signal further upward momentum, while significant profit-taking at that level might lead to renewed consolidation near $110,000 [1].

Realized losses have also increased in volatile price zones, particularly between February and April 2025, as some traders exited at lower prices during temporary pullbacks [1]. Analyst Cas Abbé explains that these losses may reflect short selling by weaker hands, but the overall market remains bullish [6].

Bitcoin’s price has risen over fivefold between August 2023 and July 2025, reaching nearly $120,000 [1]. After a brief rally pushing prices above $114,000, the asset has retraced to around $113,000, maintaining strong price levels amid ongoing profit realization and market stability [1]. Elevated realized profits and cautious trader behavior continue to shape Bitcoin’s price action, reinforcing the view that the current phase is one of consolidation rather than reversal [1].

Bitcoin’s trading above $113,000 amid high realized profits underscores a robust market. Investors are advised to monitor key resistance levels for potential breakout opportunities as the market continues to evolve [1].

Source: [1] Bitcoin Trades Near $113K Amid Elevated Realized Profits and Potential Consolidation Phase (https://en.coinotag.com/bitcoin-trades-near-113k-amid-elevated-realized-profits-and-potential-consolidation-phase/)