crypto complex

07/14 02:58

Bitcoin sellers cash out $1.5B in profits – Is thi

Bitcoin sellers cash out $1.5B in profits – Is this the start of a deeper correction?

Bitcoin realized profit surges by $1.5 billion as STHs turn to aggressive selling.

After Bitcoin [BTC] surged to $106.8k over a three-day climb, it swiftly retraced to $105.2K—hinting at profit pressure.
This uptrend failed to materialize after holders and investors decided to sell. Inasmuch, selling pressure has intensified from all market participants.
Source: Glassnode
This rising selling activity was observed by Glassnode. According to the data, Entity-Adjusted Realized Profit spiked sharply.

On the 3rd of June alone, BTC clocked three separate hourly surges of $500 million, totaling $1.5 billion in realized profit.
This marks one of the most aggressive waves of profit-taking since the recent rally began.
Naturally, when BTC pushed to new highs, sellers locked in meaningful returns, with the average coin .

#BTC price hits a new high of $120,000! #Join HTX 12th Anniversary Quiz Challenge#Join HTX On A Fitness Journey To Mars#Do you think NEWT is promising?#Do you think SQD is promising?

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