CryptoQuant Analyst Predicts Profit-Taking Waves Amid Market Trends

According to BlockBeats, CryptoQuant analyst Axel shared insights on social media, highlighting that realized net profit and loss charts indicate a clear pattern of profit-taking peaks during price surges. Before a significant market correction occurs, one or two more waves of profit-taking are likely. Each wave of profit-taking is expected to be accompanied by short-term pullbacks and consolidation. However, as long as the realized net profit peaks do not exceed previous highs or are of similar scale, the bullish trend is expected to remain intact. Ideally, these healthy corrections will help cool down the market from an overheated state, thereby sustaining the upward trend.