Bitcoin's Profit Realization Signals Bull Market Surge

According to BlockBeats, on-chain data analyst Murphy has analyzed Bitcoin's recent surge to new highs, revealing that realized profits have reached $2 billion. This significant profit realization is considered a classic signal of a bull market surge. The higher the magnitude, the stronger the momentum, suggesting that it is not advisable to adopt a bearish outlook unless signs of 'diminishing' appear. Murphy uses the example of Bitcoin's second peak in 2021 to illustrate 'diminishing' signs source: https://www.binance.com/en/square/post/24585940892730?utm_source=BinanceNewsRSS