Even with all of the pumps above bear market lows, there were barely any remarkable realized profits. People just are not ready to soll at such low prices.

While we were all so filled of fear during the past bear market lows and further drops due to scams such as FTX and LUNA, we all often said that we would like to immediately sell as soon as we got the opportunity. Some even said they don't need to breakeven, but would just sell at a bit higher prices.

Well from $15k to now over $30k it is a massive 100% gain over the bear market low and you would be thinking that there has been quite a lot of profit taking from those people. Well that is not the case at all actually, in fact the profit-taking is barely on any considerable level and there even have been many realized losses during the past weeks.

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Chart from MitchellHODL, showing Realized Profits and Losses throughout the years

Here we can see how the realized profits have been throughout the past years. There is a massive gain during the 2021 bull market which was followed by two massive points of realized losses in the bear market. In front of that we barely have any realized profits or even losses.

Clearly showing how there are barely any players left in Crypto and many probably have left. Or just how people are actually not ready to take profits at such low prices, everyone seemingly knows that the prices will be much higher in the future than today.

Edits: numbers