Summary
- CryptoQuant said Bitcoin (BTC)'s upward trend remains firm.
- According to the Net Realized Profit (Net Realized Profit) trend, the scale of investors' profit-taking remains at an appropriate level.
- It said there are currently no signals of a price peak or signs of overheating.
On the 8th (local time), on-chain data analysis platform CryptoQuant said, "Bitcoin (BTC)'s upward trend remains firm," adding, "Looking at the Net Realized Profit (Net Realized Profit) trend, the scale of investors' profit-taking remains at an appropriate level. There are still no signals of a price peak." CryptoQuant added, "In past cycles, before a peak was formed, Net Realized Profit showed a sharp surge pattern, but currently such signs of overheating are not visible." As of 00:45 on the 9th, BTC is trading at 122,281.74 dollars on the Binance Tether (USDT) market, up 0.48% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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