Analysts at crypto data provider Glassnode said that before demand dried up and the rally cooled, Bitcoin's monthly profits had historically been between $300- $50 billion. That compares to about $20.40 billion in realized profits since Bitcoin entered its latest stage of record discovery. While profit-taking has been significant, profit levels remain below historical peaks, suggesting there is room for further gains before potential demand is exhausted. The current cost base for new or short-term investors is around $66,800, which puts the upper and lower limits on bitcoin's price at around $94,900 and $51,600 respectively, but if bitcoin approaches the $94,900 cap, it could highlight "slowing demand and a price high enough for many existing holders to increase selling pressure".