Bitcoin holders lock in $1.03 billion in profits as price pulls back
Photo: Crypto Briefing
Santiment data points to profit-taking rather than panic selling after Bitcoin's run above $87,000 cooled off Bitcoin holders cashed out in a big way on October 8, 2026. According to Santiment, they realized approximately $1.03 billion in profits that day, the second-highest daily total of the year. Bitcoin had just climbed above $87,000, and plenty of people decided that was a fine moment to collect their winnings. Holders booked more profit than loss during the pullback, which looks like profit-taking rather than capitulation.
Source: Crypto Briefing
