Summary
- Glassnode analyzed that profit-taking activity among recent Bitcoin investors has become more active.
- Around the 28th, while buying momentum slowed, the focus reportedly shifted to selling.
- Bitcoin is trading at $104,355, up 0.43% compared to 24 hours ago, according to the Binance USDT market.
Analysis shows that Bitcoin (BTC) investors have become more active in taking profits.
On the 2nd (local time), Glassnode announced via X (formerly Twitter), "According to investor behavior data, the buying momentum among investors slowed around the 28th (local time). On the other hand, profit-taking activity became more active." They added, "This is a pattern that frequently occurs near short-term peaks," and explained, "investors are focusing more on selling rather than additional buying."
As of 7:24 PM, based on the Binance USDT market, Bitcoin is trading at $104,355, up 0.43% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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