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Bitcoin Short-Term Holders Just Locked In $647 Million In Profits

[Feb 16 3:00 PM] On-chain data from Glassnode shows that the Bitcoin short-term holders have recently participated in a massive $647 million profit-taking event. Bitcoin Short-Term Holders Have Realized Large Net Profits Recently According to data from the on-chain…

Bitcoin Surge Above $27,000 May Not Last, Here’s Why

[Sep 29, 2023 8:00 AM] Bitcoin has broken back above the $27,000 level during the past day, but if on-chain data is to go by, this surge may not last for long. Bitcoin Investors Are Taking Profits At Highest Rate In 3 Months According to data from the on-chain analytics…

Bitcoin Profit-Taking At 2-Month High, Pullback Incoming?

[Sep 15, 2023 9:00 AM] On-chain data shows the Bitcoin profit-taking has risen to a two-month high, which could provide resistance to the BTC surge. Bitcoin Profit-Taking Volume Has Shot Up With The Price Rise According to data from the on-chain analytics firm Santiment…

Bitcoin Retraces Back From $30,000 As Profit Taking Spikes

[Aug 9, 2023 6:00 AM] Bitcoin had surged above $30,000 earlier during the past day but has since observed a retrace as profit-taking from traders has spiked. Bitcoin Profit-Taking Volume Is Currently More Than Twice The Loss-Taking One Bitcoin showed some promising…

Bitcoin SOPR Bounces Into Profit Zone, What Does This Mean?

[Jun 23, 2023 1:00 PM] On-chain data shows the Bitcoin Spent Output Profit Ratio (SOPR) has bounced back into the profit zone with the latest rally above $30,000. Bitcoin SOPR Has Successfully Retested 1.0 Support Line According to data from the on-chain analytics firm…

Bitcoin Sees Largest Inflow In 6 Months, Sign Of Profit Taking?

[Mar 14, 2023 9:30 AM] On-chain data shows the Bitcoin exchange inflow has registered its largest value in six months, a sign that profit-taking may be going on after the price surge. Bitcoin Exchange Inflow Has Spiked To Highest In Six Months According to data from the…

Bitcoin Declines Slightly As Short-Term Holders Take Profits

[Oct 29, 2022 12:58 AM] After surging to as high as $20.9k, Bitcoin has today observed a slight decline back into the low $20k levels as a result of profit taking from short-term holders. Bitcoin Short-Term Holder SOPR Has Been Elevated Over The Past Two Days As pointed…