Short-term Bitcoin investors have begun to step up their hands for profit-taking.
On-chain analysis platform CryptoQuant According to data provided by , short-term Bitcoin investors have accelerated their sales transactions, especially in recent days. Especially Bitcoin 70 thousand dollars Short-term investors, who made a significant profit after the increase above, turned to sales with the logic of “profit suits the pocket”.
Analysts using SOPR data found that investors holding Bitcoin for less than 5 months It started selling at an amount similar to the peaks of the previous bull. emphasized:
This move is one that only happens every few years, but given the spot Bitcoin ETF and potential additional inflows from institutional and individuals, it is difficult to consider it merely a signal of a bull market top. It is very likely that we will see a stronger bull in 2024 after a short-term correction period.