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Ongoing Profit-Taking Could Slow Bitcoin's Move to Record High

Historical data suggests when the bitcoin circulating supply in profit is over 94% we tend to see a sell-off due to profit-taking.

Updated Oct 17, 2024, 4:25 p.m. Published Oct 17, 2024, 12:12 p.m.
Bitcoin: Realized Profit and Loss (Glassnode)
Bitcoin: Realized Profit and Loss (Glassnode)