Bitcoin trader profit margin hits 30.7%, highest since December 2024

Bitcoin traders are having a very good quarter. Their profit and loss margin has climbed to 30.7%, the highest reading since December 2024. The timing matters because Bitcoin recently pushed toward an eight-month high of around $87,400. When prices run and paper gains pile up, the next question is simple: who blinks first? The numbers behind the margin The profit and loss margin tracks how far traders’ holdings sit above what they paid. At 30.7%, the average trader in this cohort is comfortably in the green. A closer look at short-term holders shows an even bigger cushion. Data from CryptoQuant, shared by Head of Research Julio Moreno on September 26, 2026, put the unrealized profit margin for traders holding Bitcoin for one to three months at approximately 33%. That figure also marks the peak since December 2024. So traders who bought within the last quarter are, on average, up roughly a third on paper. On September 22, Bitcoin holders booked net profits of 25,700 BTC, according to the CryptoQuant analysis. That was the largest single-day profit realization recorded in 2026. It arrived during the same rally that carried Bitcoin close to its eight-month high. A bull market with som...