After hitting an all-time high at $99.4K, Bitcoin has fluctuated between $92K and $98K this past week.
Daily realized profits to exchanges have cooled off significantly, now at $277M/day. This represents a 42% drop from the peak of $481M/day on Nov 16.
This sharp decline signals reduced profit-taking activity, suggesting the market has entered a consolidation phase.
Daily realized profits to exchanges have cooled off significantly, now at $277M/day. This represents a 42% drop from the peak of $481M/day on Nov 16.
This sharp decline signals reduced profit-taking activity, suggesting the market has entered a consolidation phase.