Bitcoin Daily Realized Profits Drop 42%, Cooling Off to $277M Per Day ...Middle East

The daily realized profits of Bitcoin have dropped 42%, signaling reduced profit-taking amid market consolidation Bitcoin has experienced notable volatility over the past week, fluctuating between $92,000 and $98,000. After peaking at $99,400, it faced strong resistance and has since traded in a narrow range. Currently priced at $95,782, Bitcoin has increased 1.93% in the last 24 hours and 1.57% over the past week. Reduced Profit-Taking Activity In light of these fluctuations, Glassnode, an on-chain analytics firm, suggests that Bitcoin's market dynamics have shifted into consolidation. The data reveals a significant decline in daily realized profits, which have dropped by 42% from their pe

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Bitcoin Daily Realized Profits Drop 42%, Cooling Off to $277M Per Day ...Middle East

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