"Bitcoin, which hit a new all-time high, profit-taking at half the level of last December... Selling pressure limited"
Minseung Kang
Summary
- Bitcoin has surpassed $110,000, but profit-taking movements are analyzed to be limited.
- The realized profit is approximately $1 billion, which is less than half of the level when it first surpassed $100,000 last December.
- Glassnode reported that profit-taking is at a low level compared to the current price.
Bitcoin (BTC) has surpassed $110,000, hitting a new all-time high, while profit-taking movements remain limited, according to analysis.
On the 22nd, on-chain data analysis platform Glassnode announced on its official X (formerly Twitter) that "the realized profit on the day Bitcoin hit its all-time high was approximately $1 billion," adding, "This is less than half of the $2.1 billion recorded when Bitcoin first surpassed $100,000 last December."
Glassnode added, "Although the current price is higher, profit-taking is relatively limited."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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