Long-Term Bitcoin Holders Taking Profits as Prices Hit Record Highs

Tuesday, 2 April 2024, 13:36

A recent analysis reveals that long-term Bitcoin holders are starting to cash in on their profits as the cryptocurrency reaches new all-time highs. The report indicates a daily realized profit of $2.6 billion, emphasizing the tendency to secure gains when Bitcoin faces resistance levels at new ATHs.

Bitcoin Holders Realizing Profits:

The analysis shows that long-term Bitcoin holders are beginning to cash out on their profits, marking a notable trend in the market.

Realized Profits:

The report highlights a daily realized profit of $2.6 billion, indicating a significant activity among investors.

Conclusion: With Bitcoin hitting record highs, many long-term holders are choosing to secure their gains, reflecting a cautious approach to the current market situation.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe