On-Chain, Derivatives Data Suggest Bitcoin’s Record Rally May Persist Amid Restrained Selling and Institutional Confidence

COINOTAG recommends • Exchange signup Trade with pro tools Fast execution, robust charts, clean risk ￰0￱ account → Bitcoin’s record rally is driven by restrained profit-taking, strong long-term holder conviction and concentrated institutional option positioning, signaling durable momentum rather than speculative excess. On-chain profits are far below prior cycle peaks, indicating limited widespread ￰1￱ flows show clustering in out-of-the-money call options, revealing bullish institutional positioning. Long-term holder realized gains and low market-maker gamma point to a structurally supported ￰2￱ record rally shows durable momentum—on-chain profits, option activity and long-term holder conviction support continued ￰3￱ key takeaways and data.

Published: 2025-10-08 | Updated: 2025-10-08 | Author: COINOTAG Editorial What is driving Bitcoin’s record rally? Bitcoin record rally is being driven by subdued profit-taking, concentrated institutional options positioning and strong long-term holder conviction, according to on-chain metrics and derivatives ￰4￱ signals suggest the move is backed by structural demand rather than outsized retail ￰5￱ much profit has been realized recently and what does it mean? Realized profits over the past 30 days total roughly $30 billion, down from a July peak of $63 billion and well under the March and December highs of $78 billion and $99 billion ￰6￱ realized profit suggests limited wholesale selling pressure and a lower probability of an immediate cycle ￰7￱ realized profit comparisons Period Realized Profits (USD) Last 30 days $30 billion July peak $63 billion March market top $78 billion December market top $99 billion Why do derivatives metrics matter for the rally?

Derivatives reveal where sophisticated participants place ￰8￱ in $120,000–$140,000 call options—with the $120,000 strike showing highest open interest—indicates institutional bets on materially higher ￰9￱ maker gamma is low, which limits forced hedging and reduces volatility from small price ￰10￱ are long-term holders signaling? Long-term holders show realized profit margins around 129%, well below prior exhaustion thresholds near 300%. This suggests patient ownership and lower probability of mass ￰11￱ long-term holders maintain large unrealized gains without selling, it creates a structural floor supporting higher ￰12￱ resilient is support and what are key technical levels?

The derivatives landscape highlights $110,000 as a meaningful support level, while clustered call strikes between $120,000 and $140,000 form a target zone that could trigger accelerated buying if ￰13￱ levels are widely discussed among institutional desks and derivatives ￰14￱ Asked Questions Is the Bitcoin rally driven by retail or institutions? Current on-chain and derivatives data point toward institutional-driven flows and long-term holder conviction more than a retail-driven speculative ￰15￱ option positioning and low realized profit-taking back this ￰16￱ profit-taking end the rally? Not immediately. Profit-taking remains muted relative to prior cycle peaks, reducing the odds of an abrupt ￰17￱ selling would require a sharp rise in realized profits and a spike in distribution by long-term ￰18￱ Takeaways Muted profit-taking : Realized gains (~$30B) are well below earlier cycle peaks, suggesting constrained ￰19￱ option bets : Heavy concentration in $120K–$140K calls indicates bullish institutional positioning.

Long-term holder support : Realized profit margins (~129%) remain under exhaustion thresholds, implying durable holding ￰20￱ Bitcoin’s record rally appears structurally supported by on-chain metrics and derivatives positioning rather than speculative ￰21￱ no outcome is certain, current signals favor continued momentum into the fourth ￰22￱ realized profit flows, option concentration and long-term holder behavior for the clearest gauges of sustainability. Sources: CryptoQuant weekly report, GreeksLive research and market desk commentary (referenced as plain text). How to assess Bitcoin rally sustainability? Check realized profit trends (30-day realized gains) for signs of heavy ￰23￱ options open interest by strike to identify institutional target ￰24￱ market-maker gamma and funding rates for hidden ￰25￱ long-term holder realized margins to detect exhaustion thresholds. , "description": "Bitcoin record rally shows durable momentum—on-chain profits, option activity and long-term holder conviction support continued upside." , COINOTAG recommends • Exchange signup Smarter ￰26￱ ￰27￱ analytics and risk features in one ￰28￱ up →