US EditionBitcoin Price (BTC) Analysis: Realized Profits Below Previous Highs
2 Articles
2 Articles
Bitcoin Price (BTC) Analysis: Realized Profits Below Previous Highs
Over the past five days, bitcoin (BTC) has surged from $116,000 to just above $122,000 before retreating to the current $119,000. Despite this price movement, profit-taking has remained muted, averaging under $750 million per day on a year-to-date basis. For perspective, Glassnode data shows that in January daily realized profits were around $2 billion, with similar spikes in July when bitcoin reached its all-time high of $123,000.Glassnode’s Re…
The current price action in Bitcoin (BTC) suggests a "cascading" rally structure that mitigates short-term market overheating while maintaining long-term upward momentum. CryptoQuant analysts are reporting the movement of long-standing Bitcoins… Bitcoin Price Cascading...
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