Bitcoin Price Drops 6.9% as US Transfers $1.54B and Profit-Taking Hits $1.03B

• Bitcoin price fell 6.9% over three days as Lookonchain reported $1.54 billion in government-linked BTC and WBTC deposits into Coinbase Prime
• Santiment recorded $1.03 billion in Bitcoin realized profits, the second-highest daily reading of 2026
• A hypothetical $2,000 Bitcoin purchase at $62,779 would yield roughly $620 profit if sold at $82,241, before fees and taxes

Bitcoin price has fallen sharply, but some holders still have substantial gains to cash in. As BTC retreats from its recent climb above $87,000, large government-linked transfers and a surge in Bitcoin profit-taking are drawing attention to the supply reaching the market.

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US Government Bitcoin Transfers Reach $1.54B as Price Dips

It should be noted that the BTC price dropped 6.9% over the past three days. The asset was trading at a high of $83,214.51 before sliding to a low of $80,426.95. At press time, Bitcoin’s price was back at $82,447.55.

Wallets identified as belonging to the US government deposited 17,733 BTC, valued at roughly $1.48 billion, and 750 Wrapped Bitcoin worth about $62 million into Coinbase Prime over three days. The combined transfers amounted to approximately $1.54 billion.

Those deposits put a sizeable government-linked holding on an institutional platform. What happened afterward remains unclear. The report does not establish that the coins were sold or that the transfers caused the Bitcoin price decline.

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Bitcoin Realized Profits Approach the Year’s Peak

Amidst this, on the network, holders were moving coins carrying substantial gains. A recent Santiment report put daily Bitcoin profit-taking at approximately $1.03 billion, the second-highest reading of 2026. This was just below the year’s $1.04 billion peak and followed Bitcoin’s move above $87,000.

Santiment Bitcoin data tracks this through network realized profit/loss. It compares a coin’s price when it moves with its price at the previous movement, treating those transfers as purchases and sales. The reading estimates gains on moving coins, but it cannot confirm that every transfer represents a cash sale.

Santiment says such spikes often accompany cooling periods. They can signal Bitcoin selling pressure. But a large reading alone does not establish that a deeper correction is coming.

A Pullback Can Still Leave Earlier Buyers Ahead

MarketCapOf’s crypto profit calculator shows why investors might take gains even after Bitcoin price retreats. Using a hypothetical $2,000 investment at $62,779 and a sale at $82,241, the position would return $2,620.02. This leaves a $620.02 profit, or approximately 31%, assuming zero fees and excluding taxes.

It should be noted that the entry price is the lowest price Bitcoin has traded at over the past year and not an estimate of what today’s sellers paid. But it still explains that an investor can sell well below a recent peak and walk away with a substantial gain.

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