Bitcoin $1B daily realized profits signal ‘late-stage bull market’
Bitcoin profit-taking “dominates” as price continues to rise, and this can easily extinguish the bull market comeback, research from CryptoQuant warns.
Key points:
Bitcoin investors are making the most of the highest price levels in several months by cashing out profits.
These are averaging $1 billion per day, leading to concerns that the market comeback may stall or even reverse.
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