Bitcoin Holders Realize 14,600 BTC in Daily Profits on May 4, Highest Since December

According to CryptoQuant, Bitcoin holders realized 14,600 BTC in daily profits on May 4, the highest level since December 10, 2025, amid a recent price rally that has driven BTC up over 20% since the start of April. The Short-Term Holder Spent Output Profit Ratio (STH-SOPR) rose to 1.016 and has remained above 1.00 since mid-April, indicating that short-term holders are consistently selling at profit.

CryptoQuant's head of research, Julio Moreno, classified the move as a "bear market rally" despite the profit-taking activity. On a 30-day rolling basis, Bitcoin holders are realizing +20,000 BTC in net profits, the first positive reading since December 22, 2025. However, current profit levels remain far below the 130,000-200,000 BTC range historically associated with confirmed bull market transitions, reinforcing the bear market rally classification. Bitcoin is currently trading around $80,180.