Bitcoin $1B daily realized profits signal 'late-stage bull market'

Key points:Bitcoin investors are making the most of the highest price levels in several months by cashing out profits. These are averaging $1 billion per day, leading to concerns that the market comeback may stall or even reverse. Institutional participation has not led to a change in mindset, CryptoQuant says. Bitcoin (BTC) risks a “local top or sharp correction” if current levels of profit-taking continue, new research warns source: https://cointelegraph.com/news/bitcoin-1b-daily-realized-profits-signal-late-stage-bull-market?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound