Analysts at crypto data provider Glassnode said Bitcoin's monthly profits have historically been between $30 billion and $50 billion before demand dries up and the rally cools. In comparison, realized profits have been around $20.4 billion since Bitcoin entered its latest record-breaking discovery phase. While profit-taking has been significant, profit levels are still below historical peaks, suggesting there is further room to rise before potential demand is exhausted. The current cost basis for new or short-term investors is around $66,800, which puts the upper and lower limits of Bitcoin prices at around $94,900 and $51,600, respectively, but if Bitcoin approaches the upper limit of $94,900, it could indicate "slowing demand and the time has come when prices are high enough for many existing holders to increase selling pressure."