According to @Andre_Dragosch, Bitcoin long-term holders realized about $192 billion in profits in 2025 while BTC price fell only 6 percent, signaling record profit-taking with limited drawdown; source: Andre Dragosch on X, Jan 15, 2026. He attributes the limited drawdown to continued institutional adoption, noting institutional demand remained almost unabated; source: Andre Dragosch on X, Jan 15, 2026. His US Financial Advisor Survey shows 32 percent of advisors allocated to crypto in 2025, a new all-time high versus 22 percent in 2024; source: Andre Dragosch on X, Jan 15, 2026. He concludes this cycle is different due to institutional participation; source: Andre Dragosch on X, Jan 15, 2026.