Summary
- CryptoQuant stated that although Bitcoin is near its all-time high, there is no sign of profit-taking activity.
- They mentioned that the possibility of Bitcoin reaching a new all-time high is high because investors are waiting for the market to become even more overheated.
- On the Binance USDT Market, Bitcoin is trading at $109,496, up 0.21% from 24 hours ago.
Bitcoin (BTC) is trading near its all-time high, and there are reports that no profit-taking activity is being observed.
On the 10th (local time), CryptoQuant stated via X (formerly Twitter), "Currently, Bitcoin is trading at a price level close to its all-time high," and added, "There is no sign of the profit-taking activity observed at previous peaks."
They continued, "Investors are waiting for the market to become even more overheated," and "Therefore, it is very likely that Bitcoin will reach a new all-time high before this cycle ends."
As of 4:53 PM, based on Binance USDT Market, Bitcoin is trading at $109,496, up 0.21% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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