The Bitcoin Profit Journey: From Big Profits to Steady Growth
Bitcoin is no stranger to dramatic gains, but its recent rally to $90,000 this November has people talking. Many are asking: will this spike hold a candle to the explosives BTC has provided in the past, or are we just getting started? With high hopes for big returns, let's take a look at Bitcoin's journey and what might come next.
An impressive rally, but history loomed large.
Of course, this November is big: Bitcoin has increased by 40% since mid-October, rising from $66,800 to $90,200. The profits alone are enough to keep any investor glued to the screen. But surprisingly, Bitcoin's profitability levels at this time are only about half of what they were at their previous highs, suggesting that traders are holding, possibly even bigger. It shows that you expect activities. According to Glassnode, “realized profit volumes” averaged around $1.56 per day since the previous peak of the first crypto 1.56 billion. That's about half of what we've seen in previous rallies, which perhaps suggests that this rally is heating up.
In the year At the start of 2013, BTC delivered quarterly returns of over 539%—a pace we haven't seen recently. In the year Today's 36% quarterly gain in Q4 2024 is noteworthy, but pales in comparison to previous days. Interestingly, Bitcoin's profit accumulation levels at this time are only about half of their previous highs. This suggests that traders are holding back, perhaps waiting for bigger moves.
Bitcoin made a new record
On November 11, BTC shot to $8,400 and set a new one-day high. Renewed demand following the recent US presidential election fueled this increase in part.
The excitement feels like it did during Bitcoin's 2017 rally, with traders wondering how much higher it could go. However, unlike the earlier days, institutions, governments, and sophisticated investors are now flooding today's market, making crypto less wild than before. In the past, Bitcoin's peaks have often been swift and dramatic, with profits during those major bull runs hitting $3 billion a day — double what we're seeing now.
Robert Kiyosaki, the author of the famous book “Rich Dad Poor Dad” shared his plan to keep buying BTC until he reaches $100k in his X post.
What is expected?
Will Bitcoin break its previous records and make another triple-digit return? While it is difficult to predict, it is clear that Bitcoin is no longer the underdog. As for the US Bitcoin Reserve and more institutional support, it means that Bitcoin is moving out of its “flexible asset” status and growing into a more respected role in finance. Still, with Bitcoin, surprises are always around the corner.
For those watching closely, Bitcoin's evolution from a speculative bet to a legitimate financial instrument feels more real than ever. Whether it continues to climb or pull back, Bitcoin's potential is to watch.
