Bitcoin Tests $80K as Santiment Tracks Month High Profit Taking

• Bitcoin net realized profits reached $207.56 million on Sunday, the highest level in a month, Santiment said.
• Bitcoin briefly crossed $80K for the first time in three months before pulling back from the resistance area.
• Analyst Michael van de Poppe said Bitcoin’s lower-timeframe structure remains intact above the $73K–$75K zone.

Bitcoin briefly crossed the $80K level for the first time in three months, while realized profit data showed a sharp rise in on-chain gains. Santiment Intelligence said net realized Bitcoin profits reached $207.56 million on Sunday, marking the highest level in one month.

The move came as traders tracked whether the market could absorb profit-taking near a major psychological level. Meanwhile, Michaël van de Poppe said Bitcoin rejected harshly near $80K, although its lower-timeframe structure remains intact while price holds above $73K–$75K.

Realized Profits Hit Month High

Santiment Intelligence reported that Bitcoin’s net realized profit reached $207.56 million on Sunday. Its chart showed the metric rising as BTC moved toward the $80K area, with realized gains climbing alongside price strength during the latest breakout attempt.

Realized profit measures the gain captured when coins move on-chain above their acquisition price. Santiment explained that coins bought near $50K and moved after Bitcoin crossed $80K would count toward realized profit across the network.

Source: X

Notably, Santiment said high profit-taking during a rising market can show that buyers absorbed available supply. In this case, Bitcoin pushed through $80K even as holders locked in gains, showing active demand during the move.

However, Santiment also framed the latest spike as a monthly high, not an all-time high. The data showed a strong profit-taking event, while price action remained close to the upper range instead of immediately losing the broader recovery structure.

Holder Split Draws Caution

Analyst Volga responded that realized profit alone gives an incomplete picture. He said traders need the long-term holder and short-term holder split to judge whether the $207 million profit-taking event reflects normal churn or deeper distribution.

According to Volga, if short-term holders drove the profit spike, the move could reflect trading activity after the rally. On the other hand, if long-term holders above the 155-day band were distributed into $80K, the setup could carry a different market signal.

She also pointed to a SOPR above 1 as a useful measure for identifying which holder group is selling at a profit. That adds another layer to the Santiment reading, as profit realization can mean different things across holder cohorts.

Meanwhile, Santiment’s broader point centered on absorption. Profit-taking near $80K can reset cost basis for new buyers, as coins move from earlier holders to participants entering at higher levels.

Bitcoin Holds Key Structure

Michaël van de Poppe said Bitcoin was rejected sharply at the $80K area. Even so, he said the move does not signal a crash, adding that price could consolidate before grinding higher again.

His TradingView chart showed Bitcoin testing the $80,646 resistance region after recovering from April lows. The chart also marked higher levels around $86,949 and $90,364 as the next zones if BTC clears the current ceiling.

Source: X

Below the price, van de Poppe highlighted the $73,408 to $71,438 region as the crucial support area. He said the lower-timeframe structure remains intact unless Bitcoin falls beneath the $73K–$75K range.

For now, BTC remains between profit-taking near $80K and support in the mid-$70K area. A clean move above $80,646 would strengthen the recovery path, while a drop below $73K–$75K would weaken the structure shown on the chart.

Related: Bitcoin Tests Key Resistance as Analysts Flag Key Breakout Levels