menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

3w

read

261

img
dot

Image Credit: Bitcoinist

Bitcoin Network Sees Rising Profit-taking As BTC’s Price Shows Signs Of Weakness

  • 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.

Read Full Article

like

15 Likes

For uninterrupted reading, download the app