Bitcoin price ‘breather’ expected as short-term traders realize $11.6B in profit

Key takeaways:Short-term Bitcoin holders realized $11. 6 billion in profit over the past 30 days, suggesting a potential pause or local top in the market. Technical indicators show cooling momentum as retail investor sentiment falls to a 90-day low and liquidity data points to price volatility. Bitcoin (BTC) price recently hit a new all-time high of $111,800, but the bullish momentum may slow down as onchain data from Glassnode reveals significant profit-taking by short-term holders (STHs), potentially signaling a market "breather source: https://cointelegraph.com/news/bitcoin-price-breather-starts-as-short-term-traders-take-profit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound