Bitcoin Drops Below $115K Amid Wave of Profit-Taking

Bitcoin

has fallen more than 7% dipping below $115,000, since hitting its all-time high of over $124,000, as traders booked in over $3.5 billion of realized profits across the weekend, according to Glassnode data.

Saturday alone saw $3.3 billion in profit taking, the largest single-day figure since mid-July and one of the highest in 2025.

For most of this year, profit has been realized almost daily, with only around 10 sessions showing net losses. The trend reflects $BTC’s steady climb from $90,000 at the start of 2025.

Since hitting a low of $76,000 in April, profit taking has accelerated, especially as the $100,000 milestone triggered renewed selling pressure.

This latest downturn follows bitcoin’s all-time high of $124,000 earlier in August. Each correction this year from all-time highs, has been smaller than the last, suggesting more resilience as the market matures: January’s drawdown reached 30%, May’s was 12%, July’s 9%, and August’s pullback now sits at 8%.

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