{"id":3203,"date":"2026-01-24T15:15:16","date_gmt":"2026-01-24T15:15:16","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=3203"},"modified":"2026-01-24T15:15:16","modified_gmt":"2026-01-24T15:15:16","slug":"bitcoin-profit-cycle-turns-negative-for-first-time-since-2023-cryptoquant","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=3203","title":{"rendered":"Bitcoin Profit Cycle Turns Negative for First Time Since 2023: CryptoQuant"},"content":{"rendered":"<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin\u2019s profit cycle has turned negative for the first time since 2023.<\/strong><\/li>\n<li><strong>On-chain data shows more investors are realising losses than profits.<\/strong><\/li>\n<\/ul>\n<p>For the first time in more than two years, Bitcoin\u2019s profit cycle has turned negative, according to on-chain data from analytics firm <a href=\"https:\/\/cryptoquant.com\/insights\/research\/69724fdca662164c84864fe9-22-January-2026-Regime-Shift-Bitcoin-Profit-Dynamics-Turn-Negative\" target=\"_blank\" rel=\"noreferrer noopener follow\" data-wpel-link=\"external\">CryptoQuant<\/a>. This change shows that, over the past 30 days, more Bitcoin holders have realised losses than gains \u2014 a shift not seen since October 2023.<\/p>\n<p>The key measure behind this shift is the net realised profit and loss metric, which calculates the total gains or losses investors record when they move <a href=\"https:\/\/thenewscrypto.com\/kansas-bill-aims-to-establish-bitcoin-and-digital-asset-reserve-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-wpel-link=\"internal\">Bitcoin<\/a> on the blockchain. When the metric is above zero, more coins are being spent at a profit. In recent weeks, it has dipped below zero, meaning a larger share of coins were sold at prices lower than their purchase cost.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-on-chain-data-shows-decline-in-realised-profits\">On-chain Data Shows Decline in Realised Profits<\/h3>\n<p>According to CryptoQuant\u2019s report, this period of negative profit coincided with roughly 69,000 <a href=\"https:\/\/thenewscrypto.com\/sec-approves-nasdaq-rule-change-to-remove-limits-on-bitcoin-etf-options\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-wpel-link=\"internal\">BTC<\/a> in net realised losses since late December. At recent price levels, that amount represents several billion dollars in realised losses across the market.<\/p>\n<p>Another related indicator, annual net realised profits, has also declined. CryptoQuant data suggests annual realised profits are around 2.5 million BTC, down from about 4.4 million BTC a few months earlier. These levels are similar to those seen in early 2022, a period associated with the start of a previous market downturn.<\/p>\n<p>A negative profit cycle does not automatically mean prices will fall further. Analysts point out that it reflects a shift in investor behaviour \u2014 namely, that some holders are choosing to sell at a loss rather than hold. Historically, such phases have appeared during periods when recent rallies failed to generate the same level of profit-taking as before.<\/p>\n<p>At the current stage, this on-chain signal is best seen as a snapshot of market sentiment rather than a precise predictor of price direction.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s profit cycle has turned negative for the first time since 2023. On-chain data shows more investors are realising losses than profits. For the first time in more than two years, Bitcoin\u2019s profit cycle has turned negative, according to on-chain data from analytics firm CryptoQuant. This change shows that, over the past 30 days, more&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/3203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3203"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/3203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/3204"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}