According to Cointelegraph, recent research indicates that Bitcoin (BTC) could continue its upward trajectory despite holders taking profits. In its latest Biweekly Report dated May 29, research firm Santiment maintains a positive outlook on the market, even as BTC/USD experienced a 10% decline. The report suggests that profit-taking does not necessarily signal the end of the bull market. By analyzing the Mean Dollar-Invested Age (MDIA) metric, which measures the duration coins remain in wallets without moving, Santiment found that the supply has been reactivating since mid-April
source: https://www.binance.com/en/square/post/24937076927713?utm_source=BinanceNewsRSS