đš BITCOIN PROFIT TAKING PRESSURE IS RISING
Short term holders reportedly sent 47,600 BTC in profit to exchanges as Bitcoin approached $88,000, suggesting some recent buyers are starting to lock in gains.
Thatâs a level worth watching. BTC has rallied sharply from the mid $70K, and price is now running into heavy supply around the $83Kâ$86K region.
Still, profit-taking doesnât automatically mean a reversal. Current short-term-holder SOPR remains above 1, meaning coins are still being spent at a profit.
47,600 BTC moving toward exchanges is a warning sign, now we see whether buyers can absorb the selling.
$H $XPL $AKE
Short term holders reportedly sent 47,600 BTC in profit to exchanges as Bitcoin approached $88,000, suggesting some recent buyers are starting to lock in gains.
Thatâs a level worth watching. BTC has rallied sharply from the mid $70K, and price is now running into heavy supply around the $83Kâ$86K region.
Still, profit-taking doesnât automatically mean a reversal. Current short-term-holder SOPR remains above 1, meaning coins are still being spent at a profit.
47,600 BTC moving toward exchanges is a warning sign, now we see whether buyers can absorb the selling.
$H $XPL $AKE
