Monero realized daily profits of up to 14,600 BTC on May 4, marking the highest single-day figure since December 10, 2025. Net profits on a 30-day basis also surged, with holders realizing over 20,000 BTC. These numbers reinforce the analyst\u2019s belief that selling pressure may be imminent.<\/p>\n
The CryptoQuant analyst also noted that Bitcoin has skyrocketed over 20% since the beginning of April, now trading around $80,000 after its latest rally. To some, this might look like a renewed and sustainable bull run<\/a>. However, he described the move as a \u201cbear market rally,\u201d suggesting that Bitcoin remains within a broader bear trend<\/a> despite recent price gains.\u00a0<\/p>\n Monero also revealed that BTC\u2019s price surges since April have been fueled by easing macroeconomic pressures<\/a> and an earlier undervaluation, which kept its price depressed all through January to March 2026. He added that a sharp increase in demand for perpetual futures <\/a>has helped prop up BTC\u2019s price, suggesting that much of the buying is probably driven by leveraged traders rather than fresh spot accumulation.<\/p>\n All of these developments appear to be pushing the cryptocurrency\u2019s price upward despite social and whale sentiment still firmly in the Fear territory<\/a>. At the same time, price score and volatility indicators are flashing<\/a> Greed, signaling that BTC\u2019s rally is likely being driven by price action alone, rather than any meaningful or real shift in how investors actually feel about the market.\u00a0<\/p>\n In his report, Monero added that Bitcoin\u2019s 30-day realized profit of over 20,000 BTC is still a long way from the 130,000 to 200,000 BTC range typically seen in bull markets. He believes the gap alone suggests the market could still have more pain ahead.<\/p>\nAnalyst Flags Upcoming Downside Risk For BTC<\/h2>\n