Bitcoin Investors Are Taking Profits Aggressively – Signs Of A Local Top?

According to a recent CryptoQuant Quicktake post, Bitcoin (BTC) investors are aggressively taking profits following the latest surge in the digital asset’s price. This uptick in profit-taking mirrors investor behavior typically seen during the late stages of a bull market. Bitcoin Profit-Taking Rises – A Cause For Worry? Bitcoin’s 7-day moving average (MA) net realized profit/loss has mostly remained positive since early 2024. The metric surged as high as $1 billion a day as the flagship cryptocurrency pushed towards new all-time highs (ATH) last year source: https://www.newsbtc.com/bitcoin-news/bitcoin-investors-are-taking-profits-aggressively-signs-of-a-local-top/