Bitcoin's price has dropped below the $107,000 range, leading to increased profit-taking among investors.
Glassnode reports a surge in profit-taking coinciding with Bitcoin's price decrease, indicating that investors are securing gains amid price fluctuations.
Realized profits of Bitcoin reached $2.4 billion on Monday, with short-term holders mainly responsible for the profit-taking, as observed by Alva.
Despite fluctuations, ETF inflows remain strong, signaling structural demand; monitoring short-term holders' actions is crucial for predicting future price trends.