Bitcoin’s recent rally has shifted into a consolidation phase, marked by profit-taking activity and price retracement. Analysis of the options market, however, points towards persisting short-term bullish sentiment among traders. The price of Bitcoin (BTC) has declined approximately 4% this… Read More »Bitcoin Enters Consolidation Phase Amid Profit-Taking, Options Signal Bullish Lean
Bitcoin recorded its third major profit-taking episode in 2024, with realized profits reaching $6-8 billion during recent trading activity. This scale of profit realization matches previous peak events observed earlier in the year. Newly entered institutional-scale investors, often termed ‘whales,’… Read More »Bitcoin Whales Drive $6-8 Billion Profit-Taking Event as Prices Surpass $120,000 Mark
The digital asset landscape shows contrasting momentum among major cryptocurrencies as XRP consolidates near key levels while Ethereum gains and Bitcoin faces headwinds. XRP is stabilizing around the psychologically significant $3 price barrier, displaying strong underlying demand evidenced by on-chain… Read More »Cryptocurrency Market Diverges: XRP Holds Near $3, Ethereum Eyes $4,000 as Bitcoin Retreats
Bitcoin investors collectively realized an estimated $3.5 billion in profits within a 24-hour period, according to blockchain data. Analysis by Glassnode reveals that long-term holders (LTHs), defined as investors holding Bitcoin for over 155 days, spearheaded this significant profit-taking event,… Read More »Long-Term Bitcoin Holders Lead $3.5 Billion Profit Realization Event
Bitcoin has entered a significant correction phase with prices falling 4% as investors engaged in substantial profit-taking, realizing over $3.5 billion in gains. Long-term holders drove the majority of this sell-off, accounting for 56% of the profits – the largest… Read More »Bitcoin Faces Short-Term Correction Amid Profit-Taking and Liquidations Despite ETF Inflows
Bitcoin remains range-bound between $100,000 and $110,000, a price consolidation influenced significantly by profit-taking activity among mid-to-long-term holders. Significant realized profits were recorded from coins held for 3–5 years ($849 million) and 7–10 years ($485 million). Daily realized profits peaked… Read More »Bitcoin Consolidates Amid Holder Profit-Taking With Bullish Signs Emerge for July
Bitcoin investors realized $2.46 billion in single-day profits, more than double the year-to-date daily average of $1.14 billion. This significant profit-taking event was led by Binance users, who cashed out $2.6 billion in what became the exchange’s third-largest profit-realization event.… Read More »Record Bitcoin Profit-Taking Hits $2.46 Billion as Market Shows Stabilization Signs
Bitcoin faces mounting selling pressure as mid-cycle investors accelerate profit realization, triggering a pullback in prices and signaling a potential consolidation phase. Holders with 6-12 month positions recently realized $904 million in profits, representing 83% of all daily realized gains.… Read More »Bitcoin Profit-Taking by Newer Holders Amplifies Selling Pressure, Induces Market Consolidation