Bitcoin fell briefly below $80,000 before recovering to around $80,360, following a similar dip reported two days earlier. The move appears driven by internal profit-taking rather than macro factors, with on-chain data showing the largest single-day profit realization since late 2025.
The drop erased part of a 37 percent rally since early April. Data from CryptoQuant showed investors realized profits on 14,600 bitcoin on May 4, the largest one-day total since December 2025. Short-term holders sold into strength after earlier losses of 20 to 30 percent in February and March, with aggregate unrealized profits now near 18 percent, the highest level since June 2025. Bitcoin traded around $80,000 after the dip, up roughly 9 percent over the past 30 days but still 36 percent below its October 2025 peak of $126,000.
